Learn the details behind general obligation municipal bonds – what they are, why they are created, and how they work – with this illustrated video by Fidelity.
To learn more about municipal bonds, please visit https://www.fidelity.com/fixedincome-bonds/individual-bonds/municipal-bonds.
To see more videos from Fidelity Investments, subscribe to:
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-----------------------------------------------------------------------------------------------
Many people purchase municipal bonds as part of their overall investing strategy, but there’s quite a story behind how they are created, how they work, who’s involved. The municipal bond process can be a complicated one, so we’ll try to simplify it for you.
Our story begins by paying a visit to Anytown, USA. Anytown is a great place to live. There’s a thriving cultural scene, good schools, and a strong business environment. It’s no wonder that many families have moved here. But, with lots of families now living in Anytown, the schools are bursting at the seams. The mayor, town council, and school district leaders all agree that a brand new school is needed, in addition to expansions to some of the existing school buildings. But, at an estimated cost of $30,000,000, how will the town pay for it?
The town leaders come up with a plan to raise these funds by issuing bonds. This means that Anytown will borrow money from investors with the expectation of paying them back, with interest, over time. The people who will actually use the school building in the future will also be the folks paying for it. Anytown will use property tax revenues to repay the investors, backed by the full faith and taxing authority of the town. This is called a “general obligation municipal bond.”
But, things can’t move forward just yet. Voter approval of the proposal is required. So, a bond proposal is developed and put on the ballot, as part of an election. The votes are tallied and the proposal is passed.
At this point in our story, some new characters enter the scene: the underwriter, the bond counsel, and in most cases, the financial advisor. The financial advisor helps Anytown make decisions regarding the bond issue and works with the underwriter to determine pricing and distribution to investors. The underwriter acts as a liaison between the town and potential investors when bringing the bond issue to market.
An underwriter can be chosen in two ways: via competitive sale or negotiated sale. The leaders of Anytown decide to go the competitive route, and put the bond issue out to bid. This is where the bond counsel, Smith & Jones Law Firm, enters the picture. Smith & Jones prepares the bond documents, including the OfficialStatement, and since Anytown has chosen the competitive route, a Notice of Sale. The Official Statement contains all the information a prospective investor needs in order to invest in Anytown’s bond issue. The underwriter will review the Official Statement and decide whether to bid on the bond. The bond counsel also writes the legal opinion, which provides justification and law for the tax exempt status of the issue and ensures that the bonds are valid and binding obligations for Anytown. The firm does not comment on the investment merit of the bond issue.
Now that the legal opinion is in place, the Notice of Sale can be completed and posted. ABCInvestment Bank sees the ad and is interested in underwriting it, with the ultimate goal of buying the muni bond issue from Anytown, and reselling it to investors. Before submitting a bid, however, they would like to invite other investment banks to participate with them, so they decide to form a syndicate and act as the syndicate manager. Forming a syndicate will allow the bank to share the marketing and distribution duties, as well as some of the financial risk of underwriting the bond issue.
Two banks, JKL and XYZ, agree to join ABC Syndicate and they submit a bid.
Back at Anytown town hall, the bid is reviewed, along with several others up for consideration. After much deliberation, the bond issue is awarded to the syndicate formed by ABC Investment Bank because they turned in the lowest borrowing cost. The syndicate goes to work as the underwriter, reaching out to individual and institutional investors to determine their interest in purchasing the bonds [...]
Fidelity Brokerage Services LLC, MemberNYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
608004.3.0

published:17 Sep 2013

views:36162

Municipal bonds, often called munis, are considered a debt instrument because when the investor purchases one, he or she is essentially loaning funds to the authority that issued it. In exchange, the authority promises to pay interest, called the coupon rate, during the years prior to maturity, at which point it repays the bond's par value.

published:22 Jan 2014

views:7644

This video discusses the 3 main types of municipal bonds: general obligation bonds, revenue bonds, and prerefunded bonds.
Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.EducationUnlocked.org/
To like us on Facebook, visit https://www.facebook.com/Edspira
Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com
To follow Michael on Facebook, visit
https://facebook.com/Prof.Michael.McLaughlin
To follow Michael on Twitter, visit
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published:17 Apr 2015

views:2900

Session 17 in our Series 7 exam videos. Provides an overview of MunicipalBonds covered in the exam. Get more answers at our forum for finance and accounting at passingscoreforum.com

published:09 Mar 2014

views:22115

Tax-free municipal bonds is a useful tool in creating more tax free income. Buying this very special type of asset class allows the dividends you get to be tax free. If you are in a high tax bracket, then these types of bonds is ideal as compared to earning dividends on the free stock market.
Support more videos like this along with getting a bunch of perks here: http://www.patreon.com/BeatTheBush
Get a free audiobook and 30-day trial. Even if you cancel, you still keep the book and you still support my channel for signing up. Support my channel by signing up to help me make more videos like this:
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Credit Score More Than 700
How to Increase Credit Score from 700: https://youtu.be/MCFKNBcyAWs
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This Channel: BeatTheBush
I've obtained a high credit score of 848 out of 850 and I am glad to share the knowledge for everyone. Since 3 years ago, I've started making numerous videos that helped people increase their credit score that are free and accessible to all. Please enjoy my channel.
Other Channels:
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Discover different types of debt instruments, including Government securities, Government agencies, municipal bonds, and corporate bonds. This educational video is part of Zions DirectUniversity's Beginner series.
Questions or Comments?
Have a question or topic you’d like to learn more about? Let us know:
Twitter: @ZionsDirectTV
Facebook: www.facebook.com/zionsdirect
Or leave a comment on one of our videos.
Open an Account:
Begin investing today by opening a brokerage account or IRA at www.zionsdirect.com
Bid in our Auctions:
Participate in our fixed-income security auctions with no commissions or mark-ups charged by Zions Direct at www.auctions.zionsdirect.com

published:16 May 2012

views:31005

Municipal bonds
Municipal bonds are good for high income people
Although investing in foreign bonds isn't a great idea for anyone, investing in municipal bonds may be a good idea for some people.
If you have a fairly high income, you should take a look into investing into municipal bonds. Almost all municipal bonds are exempt from federal income tax, and most municipal bonds issued in your state also are exempt from state income taxes.
However, only the interest income is exempt from taxation. If you sell a municipal bond, or bond fund, at a gain, you'll have to pay capital gains taxes.
If you're in the 28 percent marginal tax bracket, municipal bonds are probably worth a look. If you're in the 31 percent marginal tax bracket, municipal bonds are certainly worth investigating.
However, since municipal bonds are exempt from federal income tax, these bonds will offer a yield that is lower than the more creditworthy US Treasury bonds. To determine if investing in municipal bonds is right for you, you need to compare the after-tax yields of munis with taxable bonds of comparable credit quality.
How to tell if you should invest in municipal bonds
Suppose blue chip corporate bonds are yielding 10 percent, and municipal bonds yield only 8 percent. If you're in the 15 percent marginal tax bracket, the corporate bonds will provide a higher after-tax yield.
However, if you're in the 28 percent or higher bracket, the municipal bonds provide a higher after-tax return. And remember that municipal bond funds come in all different maturities including money market funds.
Never put municipal bonds in a retirement account
Notice that you should never invest in municipal bonds inside of a retirement account. Retirement accounts already provide tax sheltering, so go for the higher yield provided by something like a corporate bond instead of the lower municipal yield.
Also, if you're investing in municipal bonds, keep an eye on tax reform legislation. Tax reform packages offered by both Republicans and Democrats would end the tax exempt status for municipal bonds. If these tax reform packages became law, municipal bond prices will drop.
Don't invest in most double exempt muni bond funds
Finally, should you invest in a so-called double-exempt municipal bond fund? The answer is usually no.
These funds invest in municipal bonds issued by a single state. For example, California investors might want to invest in a California double-exempt fund that invests only in California municipal bonds.
This way, the interest income earned by the California investor is exempt from federal income tax and California state income tax. This makes the after-tax yield even better for a California investor.
Almost every state has double-exempt bond funds. Even states that have no state income tax for some reason have double-exempt bond funds.
However, most of these funds should be avoided. The problem with most of these funds is that their fees are too high. A typical double-exempt bond fund charges a sales load of 5 percent and has an expense ratio of well over 1 percent.
However, if you live in a big state with high tax rates like California or New York, you probably can find a bond fund that is both double-exempt for your state and has low costs. The Vanguard mutual fund family is usually the place to look for these kind of funds.
Insured municipal bonds
There are several levels of credit risk in municipal bonds. Conservative investors can invest in insured municipals where an insurance company will assume the local government's obligations if the local government goes bankrupt. This insurance comes at a price, generally in the form of reduced yield.
General obligation bonds
Uninsured general obligation municipal bonds aren't as safe as insured municipals, but they are generally good credit risks.
General obligation bonds are backed by the local government's full taxing authority. With GO bonds, the local government has the obligation to raise taxes to meet the debt payments.
Revenue bonds
Revenue bonds are another form of municipal bond. In this case the municipality doesn't guarantee that the local government will be liable for the debt.
Revenue bonds typically are issued to pay for new sewers, stadiums or airports. The water department or stadium collects usage fees, and these fees are used to pay off the debt. If the usage fees aren't sufficient to pay off the debt's obligations, the government isn't on the hook to make up the difference.
Revenue bonds for essential services like sewage are probably safer investments than bonds used to finance things like stadiums or convention centers.
Copyright1997 by David Luhman

Are you curious how to buy or sell an existing municipal bond? Trading municipal securities in the secondary market is an entirely different experience than a new issue bond offering. Learn more about the differences and what you should pay extra attention to during the process.
View more videos about investing and trading in our FidelityLearningCenterhttp://go.fidelity.com/LearnCenter.
To see more videos from Fidelity Investments, subscribe to:
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Fidelity Brokerage Services LLC, MemberNYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
643825.3.0

Municipal bond

A municipal bond is a bond issued by a sovereign (including Indian tribal governments), local government, territory of the United States, or their agencies. The term municipal bond is commonly used in the United States, which has the largest market of such trade-able securities in the world estimated at $3.7 trillion in 2011. Potential issuers of municipal bonds include states, cities, counties, redevelopment agencies, special-purpose districts, school districts, public utility districts, publicly owned airports and seaports, and any other governmental entity (or group of governments) at or below the state level having more than a de minimis amount of one of the three sovereign powers: the power of taxation, the power of eminent domain or the police power. Municipal bonds may be general obligations of the issuer or secured by specified revenues.

Many other countries in the world also issue municipal bonds, sometimes called local authority bonds or other names. The key defining feature of this type of bond is that it is issued by a public-use entity at a lower level of government than the sovereign. A default of the local bond should not automatically trigger a default on the sovereign bonds. This article exclusively covers municipal bonds issued in U.S. dollars in the 50 states, Puerto Rico and U.S. territories. The U.S. municipal bond market is unique in the world for its size, liquidity, legal and tax structure and bankruptcy protection afforded by the U.S. Constitution.

Credit card

A credit card is a payment card issued to users (cardholders) as a method of payment. It allows the cardholder to pay for goods and services based on the holder's promise to pay for them. The issuer of the card (usually a bank) creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance.

A credit card is different from a charge card, where it requires the balance to be repaid in full each month. In contrast, credit cards allow the consumers a continuing balance of debt, subject to interest being charged. A credit card also differs from a cash card, which can be used like currency by the owner of the card. A credit card differs from a charge card also in that a credit card typically involves a third-party entity that pays the seller and is reimbursed by the buyer, whereas a charge card simply defers payment by the buyer until a later date.

Credit score

A credit score is a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of the person. A credit score is primarily based on a credit report information typically sourced from credit bureaus.

Lenders, such as banks and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses due to bad debt. Lenders use credit scores to determine who qualifies for a loan, at what interest rate, and what credit limits. Lenders also use credit scores to determine which customers are likely to bring in the most revenue. The use of credit or identity scoring prior to authorizing access or granting credit is an implementation of a trusted system.

Credit scoring is not limited to banks. Other organizations, such as mobile phone companies, insurance companies, landlords, and government departments employ the same techniques. Credit scoring also has much overlap with data mining, which uses many similar techniques. These techniques combine thousands of factors but are similar or identical.

Municipality

A municipality is usually an urban administrative division having corporate status and powers of self-government or jurisdiction. The term municipality is also used to mean the governing, ruling body of a municipality. A municipality is a general-purpose administrative subdivision, as opposed to a special-purpose district. The term is derived from French "municipalité" and Latin "municipalis".

The English word "Municipality" derives from the Latin social contract "municipium", meaning duty holders, referring to the Latin communities that supplied Rome with troops in exchange for their own incorporation into the Roman state (granting Roman citizenship to the inhabitants) while permitting the communities to retain their own local governments (a limited autonomy).

What are Municipal Bonds? | Fidelity

Learn the details behind general obligation municipal bonds – what they are, why they are created, and how they work – with this illustrated video by Fidelity.
To learn more about municipal bonds, please visit https://www.fidelity.com/fixedincome-bonds/individual-bonds/municipal-bonds.
To see more videos from Fidelity Investments, subscribe to:
https://www.youtube.com/fidelityinvestments
Facebook: https://www.facebook.com/fidelityinvestments
Twitter: https://www.twitter.com/fidelity
Google+: https://plus.google.com/+fidelity
LinkedIn: https://www.linkedin.com/company/fidelity-investments
-----------------------------------------------------------------------------------------------
Many people purchase municipal bonds as part of their overall investing strategy, but there’s quite a story behind how they are created, how they work, who’s involved. The municipal bond process can be a complicated one, so we’ll try to simplify it for you.
Our story begins by paying a visit to Anytown, USA. Anytown is a great place to live. There’s a thriving cultural scene, good schools, and a strong business environment. It’s no wonder that many families have moved here. But, with lots of families now living in Anytown, the schools are bursting at the seams. The mayor, town council, and school district leaders all agree that a brand new school is needed, in addition to expansions to some of the existing school buildings. But, at an estimated cost of $30,000,000, how will the town pay for it?
The town leaders come up with a plan to raise these funds by issuing bonds. This means that Anytown will borrow money from investors with the expectation of paying them back, with interest, over time. The people who will actually use the school building in the future will also be the folks paying for it. Anytown will use property tax revenues to repay the investors, backed by the full faith and taxing authority of the town. This is called a “general obligation municipal bond.”
But, things can’t move forward just yet. Voter approval of the proposal is required. So, a bond proposal is developed and put on the ballot, as part of an election. The votes are tallied and the proposal is passed.
At this point in our story, some new characters enter the scene: the underwriter, the bond counsel, and in most cases, the financial advisor. The financial advisor helps Anytown make decisions regarding the bond issue and works with the underwriter to determine pricing and distribution to investors. The underwriter acts as a liaison between the town and potential investors when bringing the bond issue to market.
An underwriter can be chosen in two ways: via competitive sale or negotiated sale. The leaders of Anytown decide to go the competitive route, and put the bond issue out to bid. This is where the bond counsel, Smith & Jones Law Firm, enters the picture. Smith & Jones prepares the bond documents, including the OfficialStatement, and since Anytown has chosen the competitive route, a Notice of Sale. The Official Statement contains all the information a prospective investor needs in order to invest in Anytown’s bond issue. The underwriter will review the Official Statement and decide whether to bid on the bond. The bond counsel also writes the legal opinion, which provides justification and law for the tax exempt status of the issue and ensures that the bonds are valid and binding obligations for Anytown. The firm does not comment on the investment merit of the bond issue.
Now that the legal opinion is in place, the Notice of Sale can be completed and posted. ABCInvestment Bank sees the ad and is interested in underwriting it, with the ultimate goal of buying the muni bond issue from Anytown, and reselling it to investors. Before submitting a bid, however, they would like to invite other investment banks to participate with them, so they decide to form a syndicate and act as the syndicate manager. Forming a syndicate will allow the bank to share the marketing and distribution duties, as well as some of the financial risk of underwriting the bond issue.
Two banks, JKL and XYZ, agree to join ABC Syndicate and they submit a bid.
Back at Anytown town hall, the bid is reviewed, along with several others up for consideration. After much deliberation, the bond issue is awarded to the syndicate formed by ABC Investment Bank because they turned in the lowest borrowing cost. The syndicate goes to work as the underwriter, reaching out to individual and institutional investors to determine their interest in purchasing the bonds [...]
Fidelity Brokerage Services LLC, MemberNYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
608004.3.0

1:42

Investopedia Video: What Is A Municipal Bond?

Investopedia Video: What Is A Municipal Bond?

Investopedia Video: What Is A Municipal Bond?

Municipal bonds, often called munis, are considered a debt instrument because when the investor purchases one, he or she is essentially loaning funds to the authority that issued it. In exchange, the authority promises to pay interest, called the coupon rate, during the years prior to maturity, at which point it repays the bond's par value.

5:53

The 3 Main Types of Municipal Bonds

The 3 Main Types of Municipal Bonds

The 3 Main Types of Municipal Bonds

This video discusses the 3 main types of municipal bonds: general obligation bonds, revenue bonds, and prerefunded bonds.
Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.EducationUnlocked.org/
To like us on Facebook, visit https://www.facebook.com/Edspira
Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com
To follow Michael on Facebook, visit
https://facebook.com/Prof.Michael.McLaughlin
To follow Michael on Twitter, visit
https://twitter.com/Prof_McLaughlin

14:32

Series 7 Exam Session 17 - Municipal Bonds

Series 7 Exam Session 17 - Municipal Bonds

Series 7 Exam Session 17 - Municipal Bonds

Session 17 in our Series 7 exam videos. Provides an overview of MunicipalBonds covered in the exam. Get more answers at our forum for finance and accounting at passingscoreforum.com

4:15

Tax Free Municipal Bonds | BeatTheBush

Tax Free Municipal Bonds | BeatTheBush

Tax Free Municipal Bonds | BeatTheBush

Tax-free municipal bonds is a useful tool in creating more tax free income. Buying this very special type of asset class allows the dividends you get to be tax free. If you are in a high tax bracket, then these types of bonds is ideal as compared to earning dividends on the free stock market.
Support more videos like this along with getting a bunch of perks here: http://www.patreon.com/BeatTheBush
Get a free audiobook and 30-day trial. Even if you cancel, you still keep the book and you still support my channel for signing up. Support my channel by signing up to help me make more videos like this:
http://www.audibletrial.com/BeatTheBush
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
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Who Should NEVER Get a Credit Card: https://youtu.be/aNYZkMgTyb0
Only Use Credit or Only Use Debit: https://youtu.be/J0ZRgBIG39Q
Credit Card Basics
How Credit Card Calculates Interest: https://youtu.be/0Z2nWQdqa2A
How Credit Card GracePeriodsWork: https://youtu.be/8WuH3-PsjCA
Difference Between Credit Card Inactivity and 0% Utilization: https://youtu.be/rtfJMZf_IrM
Credit Card StatementClosingDate vs. Due Date: https://youtu.be/3-knvT7JbTk
Does Canceling Credit Cards Affect Credit Score: https://youtu.be/jYGZukw5i-Q
Can You Afford a No Limit Credit Card: https://youtu.be/sdAh7hzgJoU
Credit Card BalanceTransferHack: https://youtu.be/F2Foqg2ZTEw
Credit Score Less Than 700
Maximize Credit Score while in College: https://youtu.be/pxGECoQoLLA
Build Credit Fast with a $500 Credit Limit: https://youtu.be/attQKzngqoE
How to Pay off Credit Card Debt: https://youtu.be/XY8YSPapnF8
How to Build Credit with Bad Credit or No Credit [w/ Self Lender]: https://youtu.be/RNXutBGAnlM
How to Boost Your Credit Score Within30 Days: https://youtu.be/LyBjciz4-zg
Credit Score More Than 700
How to Increase Credit Score from 700: https://youtu.be/MCFKNBcyAWs
740+ is Not Just For Show: https://youtu.be/1fGcpxurzgU
My Credit Score: 848, How to get it Part 1: https://youtu.be/dEZLZQXRBjQ
My Credit Score: 848, How to get it Part 2: https://youtu.be/Y6-SB35C7Pc
My Credit Score: 848 - Credit Card Hacks and How I got it: https://youtu.be/8Xz3hi3VWfM
Advanced Credit Card Tricks
How to get a Business Credit Card: https://youtu.be/S3srld5_l5Y
Keep 16 Credit Cards Active: https://youtu.be/yAzkEK8Y6E8
Rejected for a New Credit Card with 826 Credit Score: https://youtu.be/66O505Oj5e4
Make Credit Cards Pay You Instead: https://youtu.be/wKMJdX1fQJA
Credit Card Low Balance Cancellation $2 per mont [Still Works]: https://youtu.be/2DJjfvcMCcg
CashBack
Are Credit Card Points Taxable?: https://youtu.be/Tw90h8I5JNk
How to Churn Credit Cards: https://youtu.be/uw__fl38Dk4
Best Cash Back Credit Cards for 2017: https://youtu.be/e_uJweUsiDk
5% Cash Back on Everything: https://youtu.be/q9g_rySm_tI
Always get 11% OffAmazonGift Cards and Amazon Hacks: https://youtu.be/vbv6Rj2uUr4
Max Rewards: What's in My Wallet: https://youtu.be/cmJDFcbjFho
How I Make 200Dollars in 10 Minute [Hint: Credit Card Bonus]: https://youtu.be/pegq4G7ZhTI
When Your Best Cash Back Card Gets Cancelled: https://youtu.be/pe7OuqxGi9M
AmexBlue Cash Preferred vs. EverydayEffective Cash Back on Groceries: https://youtu.be/3ezD_QwS5e0
Double Dip Groceries Cash Back with Safeway Just for U: https://youtu.be/7kBl0W_L29U
Milk the Barclays Cashforward Card for the MOST Cash Back: https://youtu.be/qf2gvrk6Evo
This Channel: BeatTheBush
I've obtained a high credit score of 848 out of 850 and I am glad to share the knowledge for everyone. Since 3 years ago, I've started making numerous videos that helped people increase their credit score that are free and accessible to all. Please enjoy my channel.
Other Channels:
BeatTheBush DIY: https://www.youtube.com/BeatTheBushDIY

Types of Debt Securities

Discover different types of debt instruments, including Government securities, Government agencies, municipal bonds, and corporate bonds. This educational video is part of Zions DirectUniversity's Beginner series.
Questions or Comments?
Have a question or topic you’d like to learn more about? Let us know:
Twitter: @ZionsDirectTV
Facebook: www.facebook.com/zionsdirect
Or leave a comment on one of our videos.
Open an Account:
Begin investing today by opening a brokerage account or IRA at www.zionsdirect.com
Bid in our Auctions:
Participate in our fixed-income security auctions with no commissions or mark-ups charged by Zions Direct at www.auctions.zionsdirect.com

5:11

Municipal bonds

Municipal bonds

Municipal bonds

Municipal bonds
Municipal bonds are good for high income people
Although investing in foreign bonds isn't a great idea for anyone, investing in municipal bonds may be a good idea for some people.
If you have a fairly high income, you should take a look into investing into municipal bonds. Almost all municipal bonds are exempt from federal income tax, and most municipal bonds issued in your state also are exempt from state income taxes.
However, only the interest income is exempt from taxation. If you sell a municipal bond, or bond fund, at a gain, you'll have to pay capital gains taxes.
If you're in the 28 percent marginal tax bracket, municipal bonds are probably worth a look. If you're in the 31 percent marginal tax bracket, municipal bonds are certainly worth investigating.
However, since municipal bonds are exempt from federal income tax, these bonds will offer a yield that is lower than the more creditworthy US Treasury bonds. To determine if investing in municipal bonds is right for you, you need to compare the after-tax yields of munis with taxable bonds of comparable credit quality.
How to tell if you should invest in municipal bonds
Suppose blue chip corporate bonds are yielding 10 percent, and municipal bonds yield only 8 percent. If you're in the 15 percent marginal tax bracket, the corporate bonds will provide a higher after-tax yield.
However, if you're in the 28 percent or higher bracket, the municipal bonds provide a higher after-tax return. And remember that municipal bond funds come in all different maturities including money market funds.
Never put municipal bonds in a retirement account
Notice that you should never invest in municipal bonds inside of a retirement account. Retirement accounts already provide tax sheltering, so go for the higher yield provided by something like a corporate bond instead of the lower municipal yield.
Also, if you're investing in municipal bonds, keep an eye on tax reform legislation. Tax reform packages offered by both Republicans and Democrats would end the tax exempt status for municipal bonds. If these tax reform packages became law, municipal bond prices will drop.
Don't invest in most double exempt muni bond funds
Finally, should you invest in a so-called double-exempt municipal bond fund? The answer is usually no.
These funds invest in municipal bonds issued by a single state. For example, California investors might want to invest in a California double-exempt fund that invests only in California municipal bonds.
This way, the interest income earned by the California investor is exempt from federal income tax and California state income tax. This makes the after-tax yield even better for a California investor.
Almost every state has double-exempt bond funds. Even states that have no state income tax for some reason have double-exempt bond funds.
However, most of these funds should be avoided. The problem with most of these funds is that their fees are too high. A typical double-exempt bond fund charges a sales load of 5 percent and has an expense ratio of well over 1 percent.
However, if you live in a big state with high tax rates like California or New York, you probably can find a bond fund that is both double-exempt for your state and has low costs. The Vanguard mutual fund family is usually the place to look for these kind of funds.
Insured municipal bonds
There are several levels of credit risk in municipal bonds. Conservative investors can invest in insured municipals where an insurance company will assume the local government's obligations if the local government goes bankrupt. This insurance comes at a price, generally in the form of reduced yield.
General obligation bonds
Uninsured general obligation municipal bonds aren't as safe as insured municipals, but they are generally good credit risks.
General obligation bonds are backed by the local government's full taxing authority. With GO bonds, the local government has the obligation to raise taxes to meet the debt payments.
Revenue bonds
Revenue bonds are another form of municipal bond. In this case the municipality doesn't guarantee that the local government will be liable for the debt.
Revenue bonds typically are issued to pay for new sewers, stadiums or airports. The water department or stadium collects usage fees, and these fees are used to pay off the debt. If the usage fees aren't sufficient to pay off the debt's obligations, the government isn't on the hook to make up the difference.
Revenue bonds for essential services like sewage are probably safer investments than bonds used to finance things like stadiums or convention centers.
Copyright1997 by David Luhman

Buying and Selling Municipal Bonds in the Secondary Market | Fidelity

Are you curious how to buy or sell an existing municipal bond? Trading municipal securities in the secondary market is an entirely different experience than a new issue bond offering. Learn more about the differences and what you should pay extra attention to during the process.
View more videos about investing and trading in our FidelityLearningCenterhttp://go.fidelity.com/LearnCenter.
To see more videos from Fidelity Investments, subscribe to:
https://www.youtube.com/fidelityinvestments
Facebook: https://www.facebook.com/fidelityinvestments
Twitter: https://www.twitter.com/fidelity
Google+: https://plus.google.com/+fidelity
LinkedIn: https://www.linkedin.com/company/fidelity-investments
Fidelity Brokerage Services LLC, MemberNYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
643825.3.0

David & Wessel Discuss The Historical Municipal Debt Issue

What are Municipal Bonds? | Fidelity

Learn the details behind general obligation municipal bonds – what they are, why they are created, and how they work – with this illustrated video by Fidelity.
To learn more about municipal bonds, please visit https://www.fidelity.com/fixedincome-bonds/individual-bonds/municipal-bonds.
To see more videos from Fidelity Investments, subscribe to:
https://www.youtube.com/fidelityinvestments
Facebook: https://www.facebook.com/fidelityinvestments
Twitter: https://www.twitter.com/fidelity
Google+: https://plus.google.com/+fidelity
LinkedIn: https://www.linkedin.com/company/fidelity-investments
-----------------------------------------------------------------------------------------------
Many people purchase municipal bonds as part of their overall investing strategy, but there’s quite a sto...

published: 17 Sep 2013

Investopedia Video: What Is A Municipal Bond?

Municipal bonds, often called munis, are considered a debt instrument because when the investor purchases one, he or she is essentially loaning funds to the authority that issued it. In exchange, the authority promises to pay interest, called the coupon rate, during the years prior to maturity, at which point it repays the bond's par value.

published: 22 Jan 2014

The 3 Main Types of Municipal Bonds

This video discusses the 3 main types of municipal bonds: general obligation bonds, revenue bonds, and prerefunded bonds.
Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.EducationUnlocked.org/
To like us on Facebook, visit https://www.facebook.com/Edspira
Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com
To follow Michael on Facebook, visit
https://facebook.com/Prof.Michael.McLaughlin
To follow Michael on Twitter, visit
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published: 17 Apr 2015

Series 7 Exam Session 17 - Municipal Bonds

Session 17 in our Series 7 exam videos. Provides an overview of MunicipalBonds covered in the exam. Get more answers at our forum for finance and accounting at passingscoreforum.com

published: 09 Mar 2014

Tax Free Municipal Bonds | BeatTheBush

Tax-free municipal bonds is a useful tool in creating more tax free income. Buying this very special type of asset class allows the dividends you get to be tax free. If you are in a high tax bracket, then these types of bonds is ideal as compared to earning dividends on the free stock market.
Support more videos like this along with getting a bunch of perks here: http://www.patreon.com/BeatTheBush
Get a free audiobook and 30-day trial. Even if you cancel, you still keep the book and you still support my channel for signing up. Support my channel by signing up to help me make more videos like this:
http://www.audibletrial.com/BeatTheBush
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Types of Debt Securities

Discover different types of debt instruments, including Government securities, Government agencies, municipal bonds, and corporate bonds. This educational video is part of Zions DirectUniversity's Beginner series.
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published: 16 May 2012

Municipal bonds

Municipal bonds
Municipal bonds are good for high income people
Although investing in foreign bonds isn't a great idea for anyone, investing in municipal bonds may be a good idea for some people.
If you have a fairly high income, you should take a look into investing into municipal bonds. Almost all municipal bonds are exempt from federal income tax, and most municipal bonds issued in your state also are exempt from state income taxes.
However, only the interest income is exempt from taxation. If you sell a municipal bond, or bond fund, at a gain, you'll have to pay capital gains taxes.
If you're in the 28 percent marginal tax bracket, municipal bonds are probably worth a look. If you're in the 31 percent marginal tax bracket, municipal bonds are certainly worth investigating.
However...

Buying and Selling Municipal Bonds in the Secondary Market | Fidelity

Are you curious how to buy or sell an existing municipal bond? Trading municipal securities in the secondary market is an entirely different experience than a new issue bond offering. Learn more about the differences and what you should pay extra attention to during the process.
View more videos about investing and trading in our FidelityLearningCenterhttp://go.fidelity.com/LearnCenter.
To see more videos from Fidelity Investments, subscribe to:
https://www.youtube.com/fidelityinvestments
Facebook: https://www.facebook.com/fidelityinvestments
Twitter: https://www.twitter.com/fidelity
Google+: https://plus.google.com/+fidelity
LinkedIn: https://www.linkedin.com/company/fidelity-investments
Fidelity Brokerage Services LLC, MemberNYSE, SIPC, 900 Salem Street, Smithfield, ...

David & Wessel Discuss The Historical Municipal Debt Issue

What are Municipal Bonds? | Fidelity

Learn the details behind general obligation municipal bonds – what they are, why they are created, and how they work – with this illustrated video by Fidelity.
...

Learn the details behind general obligation municipal bonds – what they are, why they are created, and how they work – with this illustrated video by Fidelity.
To learn more about municipal bonds, please visit https://www.fidelity.com/fixedincome-bonds/individual-bonds/municipal-bonds.
To see more videos from Fidelity Investments, subscribe to:
https://www.youtube.com/fidelityinvestments
Facebook: https://www.facebook.com/fidelityinvestments
Twitter: https://www.twitter.com/fidelity
Google+: https://plus.google.com/+fidelity
LinkedIn: https://www.linkedin.com/company/fidelity-investments
-----------------------------------------------------------------------------------------------
Many people purchase municipal bonds as part of their overall investing strategy, but there’s quite a story behind how they are created, how they work, who’s involved. The municipal bond process can be a complicated one, so we’ll try to simplify it for you.
Our story begins by paying a visit to Anytown, USA. Anytown is a great place to live. There’s a thriving cultural scene, good schools, and a strong business environment. It’s no wonder that many families have moved here. But, with lots of families now living in Anytown, the schools are bursting at the seams. The mayor, town council, and school district leaders all agree that a brand new school is needed, in addition to expansions to some of the existing school buildings. But, at an estimated cost of $30,000,000, how will the town pay for it?
The town leaders come up with a plan to raise these funds by issuing bonds. This means that Anytown will borrow money from investors with the expectation of paying them back, with interest, over time. The people who will actually use the school building in the future will also be the folks paying for it. Anytown will use property tax revenues to repay the investors, backed by the full faith and taxing authority of the town. This is called a “general obligation municipal bond.”
But, things can’t move forward just yet. Voter approval of the proposal is required. So, a bond proposal is developed and put on the ballot, as part of an election. The votes are tallied and the proposal is passed.
At this point in our story, some new characters enter the scene: the underwriter, the bond counsel, and in most cases, the financial advisor. The financial advisor helps Anytown make decisions regarding the bond issue and works with the underwriter to determine pricing and distribution to investors. The underwriter acts as a liaison between the town and potential investors when bringing the bond issue to market.
An underwriter can be chosen in two ways: via competitive sale or negotiated sale. The leaders of Anytown decide to go the competitive route, and put the bond issue out to bid. This is where the bond counsel, Smith & Jones Law Firm, enters the picture. Smith & Jones prepares the bond documents, including the OfficialStatement, and since Anytown has chosen the competitive route, a Notice of Sale. The Official Statement contains all the information a prospective investor needs in order to invest in Anytown’s bond issue. The underwriter will review the Official Statement and decide whether to bid on the bond. The bond counsel also writes the legal opinion, which provides justification and law for the tax exempt status of the issue and ensures that the bonds are valid and binding obligations for Anytown. The firm does not comment on the investment merit of the bond issue.
Now that the legal opinion is in place, the Notice of Sale can be completed and posted. ABCInvestment Bank sees the ad and is interested in underwriting it, with the ultimate goal of buying the muni bond issue from Anytown, and reselling it to investors. Before submitting a bid, however, they would like to invite other investment banks to participate with them, so they decide to form a syndicate and act as the syndicate manager. Forming a syndicate will allow the bank to share the marketing and distribution duties, as well as some of the financial risk of underwriting the bond issue.
Two banks, JKL and XYZ, agree to join ABC Syndicate and they submit a bid.
Back at Anytown town hall, the bid is reviewed, along with several others up for consideration. After much deliberation, the bond issue is awarded to the syndicate formed by ABC Investment Bank because they turned in the lowest borrowing cost. The syndicate goes to work as the underwriter, reaching out to individual and institutional investors to determine their interest in purchasing the bonds [...]
Fidelity Brokerage Services LLC, MemberNYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
608004.3.0

Learn the details behind general obligation municipal bonds – what they are, why they are created, and how they work – with this illustrated video by Fidelity.
To learn more about municipal bonds, please visit https://www.fidelity.com/fixedincome-bonds/individual-bonds/municipal-bonds.
To see more videos from Fidelity Investments, subscribe to:
https://www.youtube.com/fidelityinvestments
Facebook: https://www.facebook.com/fidelityinvestments
Twitter: https://www.twitter.com/fidelity
Google+: https://plus.google.com/+fidelity
LinkedIn: https://www.linkedin.com/company/fidelity-investments
-----------------------------------------------------------------------------------------------
Many people purchase municipal bonds as part of their overall investing strategy, but there’s quite a story behind how they are created, how they work, who’s involved. The municipal bond process can be a complicated one, so we’ll try to simplify it for you.
Our story begins by paying a visit to Anytown, USA. Anytown is a great place to live. There’s a thriving cultural scene, good schools, and a strong business environment. It’s no wonder that many families have moved here. But, with lots of families now living in Anytown, the schools are bursting at the seams. The mayor, town council, and school district leaders all agree that a brand new school is needed, in addition to expansions to some of the existing school buildings. But, at an estimated cost of $30,000,000, how will the town pay for it?
The town leaders come up with a plan to raise these funds by issuing bonds. This means that Anytown will borrow money from investors with the expectation of paying them back, with interest, over time. The people who will actually use the school building in the future will also be the folks paying for it. Anytown will use property tax revenues to repay the investors, backed by the full faith and taxing authority of the town. This is called a “general obligation municipal bond.”
But, things can’t move forward just yet. Voter approval of the proposal is required. So, a bond proposal is developed and put on the ballot, as part of an election. The votes are tallied and the proposal is passed.
At this point in our story, some new characters enter the scene: the underwriter, the bond counsel, and in most cases, the financial advisor. The financial advisor helps Anytown make decisions regarding the bond issue and works with the underwriter to determine pricing and distribution to investors. The underwriter acts as a liaison between the town and potential investors when bringing the bond issue to market.
An underwriter can be chosen in two ways: via competitive sale or negotiated sale. The leaders of Anytown decide to go the competitive route, and put the bond issue out to bid. This is where the bond counsel, Smith & Jones Law Firm, enters the picture. Smith & Jones prepares the bond documents, including the OfficialStatement, and since Anytown has chosen the competitive route, a Notice of Sale. The Official Statement contains all the information a prospective investor needs in order to invest in Anytown’s bond issue. The underwriter will review the Official Statement and decide whether to bid on the bond. The bond counsel also writes the legal opinion, which provides justification and law for the tax exempt status of the issue and ensures that the bonds are valid and binding obligations for Anytown. The firm does not comment on the investment merit of the bond issue.
Now that the legal opinion is in place, the Notice of Sale can be completed and posted. ABCInvestment Bank sees the ad and is interested in underwriting it, with the ultimate goal of buying the muni bond issue from Anytown, and reselling it to investors. Before submitting a bid, however, they would like to invite other investment banks to participate with them, so they decide to form a syndicate and act as the syndicate manager. Forming a syndicate will allow the bank to share the marketing and distribution duties, as well as some of the financial risk of underwriting the bond issue.
Two banks, JKL and XYZ, agree to join ABC Syndicate and they submit a bid.
Back at Anytown town hall, the bid is reviewed, along with several others up for consideration. After much deliberation, the bond issue is awarded to the syndicate formed by ABC Investment Bank because they turned in the lowest borrowing cost. The syndicate goes to work as the underwriter, reaching out to individual and institutional investors to determine their interest in purchasing the bonds [...]
Fidelity Brokerage Services LLC, MemberNYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
608004.3.0

Investopedia Video: What Is A Municipal Bond?

Municipal bonds, often called munis, are considered a debt instrument because when the investor purchases one, he or she is essentially loaning funds to the aut...

Municipal bonds, often called munis, are considered a debt instrument because when the investor purchases one, he or she is essentially loaning funds to the authority that issued it. In exchange, the authority promises to pay interest, called the coupon rate, during the years prior to maturity, at which point it repays the bond's par value.

Municipal bonds, often called munis, are considered a debt instrument because when the investor purchases one, he or she is essentially loaning funds to the authority that issued it. In exchange, the authority promises to pay interest, called the coupon rate, during the years prior to maturity, at which point it repays the bond's par value.

The 3 Main Types of Municipal Bonds

This video discusses the 3 main types of municipal bonds: general obligation bonds, revenue bonds, and prerefunded bonds.
Edspira is your source for business ...

This video discusses the 3 main types of municipal bonds: general obligation bonds, revenue bonds, and prerefunded bonds.
Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.EducationUnlocked.org/
To like us on Facebook, visit https://www.facebook.com/Edspira
Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com
To follow Michael on Facebook, visit
https://facebook.com/Prof.Michael.McLaughlin
To follow Michael on Twitter, visit
https://twitter.com/Prof_McLaughlin

This video discusses the 3 main types of municipal bonds: general obligation bonds, revenue bonds, and prerefunded bonds.
Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.EducationUnlocked.org/
To like us on Facebook, visit https://www.facebook.com/Edspira
Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com
To follow Michael on Facebook, visit
https://facebook.com/Prof.Michael.McLaughlin
To follow Michael on Twitter, visit
https://twitter.com/Prof_McLaughlin

Tax Free Municipal Bonds | BeatTheBush

Tax-free municipal bonds is a useful tool in creating more tax free income. Buying this very special type of asset class allows the dividends you get to be tax ...

Tax-free municipal bonds is a useful tool in creating more tax free income. Buying this very special type of asset class allows the dividends you get to be tax free. If you are in a high tax bracket, then these types of bonds is ideal as compared to earning dividends on the free stock market.
Support more videos like this along with getting a bunch of perks here: http://www.patreon.com/BeatTheBush
Get a free audiobook and 30-day trial. Even if you cancel, you still keep the book and you still support my channel for signing up. Support my channel by signing up to help me make more videos like this:
http://www.audibletrial.com/BeatTheBush
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Tax-free municipal bonds is a useful tool in creating more tax free income. Buying this very special type of asset class allows the dividends you get to be tax free. If you are in a high tax bracket, then these types of bonds is ideal as compared to earning dividends on the free stock market.
Support more videos like this along with getting a bunch of perks here: http://www.patreon.com/BeatTheBush
Get a free audiobook and 30-day trial. Even if you cancel, you still keep the book and you still support my channel for signing up. Support my channel by signing up to help me make more videos like this:
http://www.audibletrial.com/BeatTheBush
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Credit Card for Starters
Who Should NEVER Get a Credit Card: https://youtu.be/aNYZkMgTyb0
Only Use Credit or Only Use Debit: https://youtu.be/J0ZRgBIG39Q
Credit Card Basics
How Credit Card Calculates Interest: https://youtu.be/0Z2nWQdqa2A
How Credit Card GracePeriodsWork: https://youtu.be/8WuH3-PsjCA
Difference Between Credit Card Inactivity and 0% Utilization: https://youtu.be/rtfJMZf_IrM
Credit Card StatementClosingDate vs. Due Date: https://youtu.be/3-knvT7JbTk
Does Canceling Credit Cards Affect Credit Score: https://youtu.be/jYGZukw5i-Q
Can You Afford a No Limit Credit Card: https://youtu.be/sdAh7hzgJoU
Credit Card BalanceTransferHack: https://youtu.be/F2Foqg2ZTEw
Credit Score Less Than 700
Maximize Credit Score while in College: https://youtu.be/pxGECoQoLLA
Build Credit Fast with a $500 Credit Limit: https://youtu.be/attQKzngqoE
How to Pay off Credit Card Debt: https://youtu.be/XY8YSPapnF8
How to Build Credit with Bad Credit or No Credit [w/ Self Lender]: https://youtu.be/RNXutBGAnlM
How to Boost Your Credit Score Within30 Days: https://youtu.be/LyBjciz4-zg
Credit Score More Than 700
How to Increase Credit Score from 700: https://youtu.be/MCFKNBcyAWs
740+ is Not Just For Show: https://youtu.be/1fGcpxurzgU
My Credit Score: 848, How to get it Part 1: https://youtu.be/dEZLZQXRBjQ
My Credit Score: 848, How to get it Part 2: https://youtu.be/Y6-SB35C7Pc
My Credit Score: 848 - Credit Card Hacks and How I got it: https://youtu.be/8Xz3hi3VWfM
Advanced Credit Card Tricks
How to get a Business Credit Card: https://youtu.be/S3srld5_l5Y
Keep 16 Credit Cards Active: https://youtu.be/yAzkEK8Y6E8
Rejected for a New Credit Card with 826 Credit Score: https://youtu.be/66O505Oj5e4
Make Credit Cards Pay You Instead: https://youtu.be/wKMJdX1fQJA
Credit Card Low Balance Cancellation $2 per mont [Still Works]: https://youtu.be/2DJjfvcMCcg
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Are Credit Card Points Taxable?: https://youtu.be/Tw90h8I5JNk
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Best Cash Back Credit Cards for 2017: https://youtu.be/e_uJweUsiDk
5% Cash Back on Everything: https://youtu.be/q9g_rySm_tI
Always get 11% OffAmazonGift Cards and Amazon Hacks: https://youtu.be/vbv6Rj2uUr4
Max Rewards: What's in My Wallet: https://youtu.be/cmJDFcbjFho
How I Make 200Dollars in 10 Minute [Hint: Credit Card Bonus]: https://youtu.be/pegq4G7ZhTI
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Discover different types of debt instruments, including Government securities, Government agencies, municipal bonds, and corporate bonds. This educational video is part of Zions DirectUniversity's Beginner series.
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Discover different types of debt instruments, including Government securities, Government agencies, municipal bonds, and corporate bonds. This educational video is part of Zions DirectUniversity's Beginner series.
Questions or Comments?
Have a question or topic you’d like to learn more about? Let us know:
Twitter: @ZionsDirectTV
Facebook: www.facebook.com/zionsdirect
Or leave a comment on one of our videos.
Open an Account:
Begin investing today by opening a brokerage account or IRA at www.zionsdirect.com
Bid in our Auctions:
Participate in our fixed-income security auctions with no commissions or mark-ups charged by Zions Direct at www.auctions.zionsdirect.com

Municipal bonds

Municipal bonds
Municipal bonds are good for high income people
Although investing in foreign bonds isn't a great idea for anyone, investing in municipal bonds...

Municipal bonds
Municipal bonds are good for high income people
Although investing in foreign bonds isn't a great idea for anyone, investing in municipal bonds may be a good idea for some people.
If you have a fairly high income, you should take a look into investing into municipal bonds. Almost all municipal bonds are exempt from federal income tax, and most municipal bonds issued in your state also are exempt from state income taxes.
However, only the interest income is exempt from taxation. If you sell a municipal bond, or bond fund, at a gain, you'll have to pay capital gains taxes.
If you're in the 28 percent marginal tax bracket, municipal bonds are probably worth a look. If you're in the 31 percent marginal tax bracket, municipal bonds are certainly worth investigating.
However, since municipal bonds are exempt from federal income tax, these bonds will offer a yield that is lower than the more creditworthy US Treasury bonds. To determine if investing in municipal bonds is right for you, you need to compare the after-tax yields of munis with taxable bonds of comparable credit quality.
How to tell if you should invest in municipal bonds
Suppose blue chip corporate bonds are yielding 10 percent, and municipal bonds yield only 8 percent. If you're in the 15 percent marginal tax bracket, the corporate bonds will provide a higher after-tax yield.
However, if you're in the 28 percent or higher bracket, the municipal bonds provide a higher after-tax return. And remember that municipal bond funds come in all different maturities including money market funds.
Never put municipal bonds in a retirement account
Notice that you should never invest in municipal bonds inside of a retirement account. Retirement accounts already provide tax sheltering, so go for the higher yield provided by something like a corporate bond instead of the lower municipal yield.
Also, if you're investing in municipal bonds, keep an eye on tax reform legislation. Tax reform packages offered by both Republicans and Democrats would end the tax exempt status for municipal bonds. If these tax reform packages became law, municipal bond prices will drop.
Don't invest in most double exempt muni bond funds
Finally, should you invest in a so-called double-exempt municipal bond fund? The answer is usually no.
These funds invest in municipal bonds issued by a single state. For example, California investors might want to invest in a California double-exempt fund that invests only in California municipal bonds.
This way, the interest income earned by the California investor is exempt from federal income tax and California state income tax. This makes the after-tax yield even better for a California investor.
Almost every state has double-exempt bond funds. Even states that have no state income tax for some reason have double-exempt bond funds.
However, most of these funds should be avoided. The problem with most of these funds is that their fees are too high. A typical double-exempt bond fund charges a sales load of 5 percent and has an expense ratio of well over 1 percent.
However, if you live in a big state with high tax rates like California or New York, you probably can find a bond fund that is both double-exempt for your state and has low costs. The Vanguard mutual fund family is usually the place to look for these kind of funds.
Insured municipal bonds
There are several levels of credit risk in municipal bonds. Conservative investors can invest in insured municipals where an insurance company will assume the local government's obligations if the local government goes bankrupt. This insurance comes at a price, generally in the form of reduced yield.
General obligation bonds
Uninsured general obligation municipal bonds aren't as safe as insured municipals, but they are generally good credit risks.
General obligation bonds are backed by the local government's full taxing authority. With GO bonds, the local government has the obligation to raise taxes to meet the debt payments.
Revenue bonds
Revenue bonds are another form of municipal bond. In this case the municipality doesn't guarantee that the local government will be liable for the debt.
Revenue bonds typically are issued to pay for new sewers, stadiums or airports. The water department or stadium collects usage fees, and these fees are used to pay off the debt. If the usage fees aren't sufficient to pay off the debt's obligations, the government isn't on the hook to make up the difference.
Revenue bonds for essential services like sewage are probably safer investments than bonds used to finance things like stadiums or convention centers.
Copyright1997 by David Luhman

Municipal bonds
Municipal bonds are good for high income people
Although investing in foreign bonds isn't a great idea for anyone, investing in municipal bonds may be a good idea for some people.
If you have a fairly high income, you should take a look into investing into municipal bonds. Almost all municipal bonds are exempt from federal income tax, and most municipal bonds issued in your state also are exempt from state income taxes.
However, only the interest income is exempt from taxation. If you sell a municipal bond, or bond fund, at a gain, you'll have to pay capital gains taxes.
If you're in the 28 percent marginal tax bracket, municipal bonds are probably worth a look. If you're in the 31 percent marginal tax bracket, municipal bonds are certainly worth investigating.
However, since municipal bonds are exempt from federal income tax, these bonds will offer a yield that is lower than the more creditworthy US Treasury bonds. To determine if investing in municipal bonds is right for you, you need to compare the after-tax yields of munis with taxable bonds of comparable credit quality.
How to tell if you should invest in municipal bonds
Suppose blue chip corporate bonds are yielding 10 percent, and municipal bonds yield only 8 percent. If you're in the 15 percent marginal tax bracket, the corporate bonds will provide a higher after-tax yield.
However, if you're in the 28 percent or higher bracket, the municipal bonds provide a higher after-tax return. And remember that municipal bond funds come in all different maturities including money market funds.
Never put municipal bonds in a retirement account
Notice that you should never invest in municipal bonds inside of a retirement account. Retirement accounts already provide tax sheltering, so go for the higher yield provided by something like a corporate bond instead of the lower municipal yield.
Also, if you're investing in municipal bonds, keep an eye on tax reform legislation. Tax reform packages offered by both Republicans and Democrats would end the tax exempt status for municipal bonds. If these tax reform packages became law, municipal bond prices will drop.
Don't invest in most double exempt muni bond funds
Finally, should you invest in a so-called double-exempt municipal bond fund? The answer is usually no.
These funds invest in municipal bonds issued by a single state. For example, California investors might want to invest in a California double-exempt fund that invests only in California municipal bonds.
This way, the interest income earned by the California investor is exempt from federal income tax and California state income tax. This makes the after-tax yield even better for a California investor.
Almost every state has double-exempt bond funds. Even states that have no state income tax for some reason have double-exempt bond funds.
However, most of these funds should be avoided. The problem with most of these funds is that their fees are too high. A typical double-exempt bond fund charges a sales load of 5 percent and has an expense ratio of well over 1 percent.
However, if you live in a big state with high tax rates like California or New York, you probably can find a bond fund that is both double-exempt for your state and has low costs. The Vanguard mutual fund family is usually the place to look for these kind of funds.
Insured municipal bonds
There are several levels of credit risk in municipal bonds. Conservative investors can invest in insured municipals where an insurance company will assume the local government's obligations if the local government goes bankrupt. This insurance comes at a price, generally in the form of reduced yield.
General obligation bonds
Uninsured general obligation municipal bonds aren't as safe as insured municipals, but they are generally good credit risks.
General obligation bonds are backed by the local government's full taxing authority. With GO bonds, the local government has the obligation to raise taxes to meet the debt payments.
Revenue bonds
Revenue bonds are another form of municipal bond. In this case the municipality doesn't guarantee that the local government will be liable for the debt.
Revenue bonds typically are issued to pay for new sewers, stadiums or airports. The water department or stadium collects usage fees, and these fees are used to pay off the debt. If the usage fees aren't sufficient to pay off the debt's obligations, the government isn't on the hook to make up the difference.
Revenue bonds for essential services like sewage are probably safer investments than bonds used to finance things like stadiums or convention centers.
Copyright1997 by David Luhman

Buying and Selling Municipal Bonds in the Secondary Market | Fidelity

Are you curious how to buy or sell an existing municipal bond? Trading municipal securities in the secondary market is an entirely different experience than a n...

Are you curious how to buy or sell an existing municipal bond? Trading municipal securities in the secondary market is an entirely different experience than a new issue bond offering. Learn more about the differences and what you should pay extra attention to during the process.
View more videos about investing and trading in our FidelityLearningCenterhttp://go.fidelity.com/LearnCenter.
To see more videos from Fidelity Investments, subscribe to:
https://www.youtube.com/fidelityinvestments
Facebook: https://www.facebook.com/fidelityinvestments
Twitter: https://www.twitter.com/fidelity
Google+: https://plus.google.com/+fidelity
LinkedIn: https://www.linkedin.com/company/fidelity-investments
Fidelity Brokerage Services LLC, MemberNYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
643825.3.0

Are you curious how to buy or sell an existing municipal bond? Trading municipal securities in the secondary market is an entirely different experience than a new issue bond offering. Learn more about the differences and what you should pay extra attention to during the process.
View more videos about investing and trading in our FidelityLearningCenterhttp://go.fidelity.com/LearnCenter.
To see more videos from Fidelity Investments, subscribe to:
https://www.youtube.com/fidelityinvestments
Facebook: https://www.facebook.com/fidelityinvestments
Twitter: https://www.twitter.com/fidelity
Google+: https://plus.google.com/+fidelity
LinkedIn: https://www.linkedin.com/company/fidelity-investments
Fidelity Brokerage Services LLC, MemberNYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
643825.3.0

What are Municipal Bonds? | Fidelity

Learn the details behind general obligation municipal bonds – what they are, why they are created, and how they work – with this illustrated video by Fidelity.
To learn more about municipal bonds, please visit https://www.fidelity.com/fixedincome-bonds/individual-bonds/municipal-bonds.
To see more videos from Fidelity Investments, subscribe to:
https://www.youtube.com/fidelityinvestments
Facebook: https://www.facebook.com/fidelityinvestments
Twitter: https://www.twitter.com/fidelity
Google+: https://plus.google.com/+fidelity
LinkedIn: https://www.linkedin.com/company/fidelity-investments
-----------------------------------------------------------------------------------------------
Many people purchase municipal bonds as part of their overall investing strategy, but there’s quite a sto...

published: 17 Sep 2013

Investopedia Video: What Is A Municipal Bond?

Municipal bonds, often called munis, are considered a debt instrument because when the investor purchases one, he or she is essentially loaning funds to the authority that issued it. In exchange, the authority promises to pay interest, called the coupon rate, during the years prior to maturity, at which point it repays the bond's par value.

published: 22 Jan 2014

The 3 Main Types of Municipal Bonds

This video discusses the 3 main types of municipal bonds: general obligation bonds, revenue bonds, and prerefunded bonds.
Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.EducationUnlocked.org/
To like us on Facebook, visit https://www.facebook.com/Edspira
Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com
To follow Michael on Facebook, visit
https://facebook.com/Prof.Michael.McLaughlin
To follow Michael on Twitter, visit
https://twitter.com/Prof_McLaughlin

published: 17 Apr 2015

Series 7 Exam Session 17 - Municipal Bonds

Session 17 in our Series 7 exam videos. Provides an overview of MunicipalBonds covered in the exam. Get more answers at our forum for finance and accounting at passingscoreforum.com

published: 09 Mar 2014

Tax Free Municipal Bonds | BeatTheBush

Tax-free municipal bonds is a useful tool in creating more tax free income. Buying this very special type of asset class allows the dividends you get to be tax free. If you are in a high tax bracket, then these types of bonds is ideal as compared to earning dividends on the free stock market.
Support more videos like this along with getting a bunch of perks here: http://www.patreon.com/BeatTheBush
Get a free audiobook and 30-day trial. Even if you cancel, you still keep the book and you still support my channel for signing up. Support my channel by signing up to help me make more videos like this:
http://www.audibletrial.com/BeatTheBush
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Credit Card for Starters
Who Should NEVER Get a Credit Card: https://youtu.be/aNYZkMgTyb0
Only Use Cr...

Types of Debt Securities

Discover different types of debt instruments, including Government securities, Government agencies, municipal bonds, and corporate bonds. This educational video is part of Zions DirectUniversity's Beginner series.
Questions or Comments?
Have a question or topic you’d like to learn more about? Let us know:
Twitter: @ZionsDirectTV
Facebook: www.facebook.com/zionsdirect
Or leave a comment on one of our videos.
Open an Account:
Begin investing today by opening a brokerage account or IRA at www.zionsdirect.com
Bid in our Auctions:
Participate in our fixed-income security auctions with no commissions or mark-ups charged by Zions Direct at www.auctions.zionsdirect.com

published: 16 May 2012

Municipal bonds

Municipal bonds
Municipal bonds are good for high income people
Although investing in foreign bonds isn't a great idea for anyone, investing in municipal bonds may be a good idea for some people.
If you have a fairly high income, you should take a look into investing into municipal bonds. Almost all municipal bonds are exempt from federal income tax, and most municipal bonds issued in your state also are exempt from state income taxes.
However, only the interest income is exempt from taxation. If you sell a municipal bond, or bond fund, at a gain, you'll have to pay capital gains taxes.
If you're in the 28 percent marginal tax bracket, municipal bonds are probably worth a look. If you're in the 31 percent marginal tax bracket, municipal bonds are certainly worth investigating.
However...

Buying and Selling Municipal Bonds in the Secondary Market | Fidelity

Are you curious how to buy or sell an existing municipal bond? Trading municipal securities in the secondary market is an entirely different experience than a new issue bond offering. Learn more about the differences and what you should pay extra attention to during the process.
View more videos about investing and trading in our FidelityLearningCenterhttp://go.fidelity.com/LearnCenter.
To see more videos from Fidelity Investments, subscribe to:
https://www.youtube.com/fidelityinvestments
Facebook: https://www.facebook.com/fidelityinvestments
Twitter: https://www.twitter.com/fidelity
Google+: https://plus.google.com/+fidelity
LinkedIn: https://www.linkedin.com/company/fidelity-investments
Fidelity Brokerage Services LLC, MemberNYSE, SIPC, 900 Salem Street, Smithfield, ...

What are Municipal Bonds? | Fidelity

Learn the details behind general obligation municipal bonds – what they are, why they are created, and how they work – with this illustrated video by Fidelity.
...

Learn the details behind general obligation municipal bonds – what they are, why they are created, and how they work – with this illustrated video by Fidelity.
To learn more about municipal bonds, please visit https://www.fidelity.com/fixedincome-bonds/individual-bonds/municipal-bonds.
To see more videos from Fidelity Investments, subscribe to:
https://www.youtube.com/fidelityinvestments
Facebook: https://www.facebook.com/fidelityinvestments
Twitter: https://www.twitter.com/fidelity
Google+: https://plus.google.com/+fidelity
LinkedIn: https://www.linkedin.com/company/fidelity-investments
-----------------------------------------------------------------------------------------------
Many people purchase municipal bonds as part of their overall investing strategy, but there’s quite a story behind how they are created, how they work, who’s involved. The municipal bond process can be a complicated one, so we’ll try to simplify it for you.
Our story begins by paying a visit to Anytown, USA. Anytown is a great place to live. There’s a thriving cultural scene, good schools, and a strong business environment. It’s no wonder that many families have moved here. But, with lots of families now living in Anytown, the schools are bursting at the seams. The mayor, town council, and school district leaders all agree that a brand new school is needed, in addition to expansions to some of the existing school buildings. But, at an estimated cost of $30,000,000, how will the town pay for it?
The town leaders come up with a plan to raise these funds by issuing bonds. This means that Anytown will borrow money from investors with the expectation of paying them back, with interest, over time. The people who will actually use the school building in the future will also be the folks paying for it. Anytown will use property tax revenues to repay the investors, backed by the full faith and taxing authority of the town. This is called a “general obligation municipal bond.”
But, things can’t move forward just yet. Voter approval of the proposal is required. So, a bond proposal is developed and put on the ballot, as part of an election. The votes are tallied and the proposal is passed.
At this point in our story, some new characters enter the scene: the underwriter, the bond counsel, and in most cases, the financial advisor. The financial advisor helps Anytown make decisions regarding the bond issue and works with the underwriter to determine pricing and distribution to investors. The underwriter acts as a liaison between the town and potential investors when bringing the bond issue to market.
An underwriter can be chosen in two ways: via competitive sale or negotiated sale. The leaders of Anytown decide to go the competitive route, and put the bond issue out to bid. This is where the bond counsel, Smith & Jones Law Firm, enters the picture. Smith & Jones prepares the bond documents, including the OfficialStatement, and since Anytown has chosen the competitive route, a Notice of Sale. The Official Statement contains all the information a prospective investor needs in order to invest in Anytown’s bond issue. The underwriter will review the Official Statement and decide whether to bid on the bond. The bond counsel also writes the legal opinion, which provides justification and law for the tax exempt status of the issue and ensures that the bonds are valid and binding obligations for Anytown. The firm does not comment on the investment merit of the bond issue.
Now that the legal opinion is in place, the Notice of Sale can be completed and posted. ABCInvestment Bank sees the ad and is interested in underwriting it, with the ultimate goal of buying the muni bond issue from Anytown, and reselling it to investors. Before submitting a bid, however, they would like to invite other investment banks to participate with them, so they decide to form a syndicate and act as the syndicate manager. Forming a syndicate will allow the bank to share the marketing and distribution duties, as well as some of the financial risk of underwriting the bond issue.
Two banks, JKL and XYZ, agree to join ABC Syndicate and they submit a bid.
Back at Anytown town hall, the bid is reviewed, along with several others up for consideration. After much deliberation, the bond issue is awarded to the syndicate formed by ABC Investment Bank because they turned in the lowest borrowing cost. The syndicate goes to work as the underwriter, reaching out to individual and institutional investors to determine their interest in purchasing the bonds [...]
Fidelity Brokerage Services LLC, MemberNYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
608004.3.0

Learn the details behind general obligation municipal bonds – what they are, why they are created, and how they work – with this illustrated video by Fidelity.
To learn more about municipal bonds, please visit https://www.fidelity.com/fixedincome-bonds/individual-bonds/municipal-bonds.
To see more videos from Fidelity Investments, subscribe to:
https://www.youtube.com/fidelityinvestments
Facebook: https://www.facebook.com/fidelityinvestments
Twitter: https://www.twitter.com/fidelity
Google+: https://plus.google.com/+fidelity
LinkedIn: https://www.linkedin.com/company/fidelity-investments
-----------------------------------------------------------------------------------------------
Many people purchase municipal bonds as part of their overall investing strategy, but there’s quite a story behind how they are created, how they work, who’s involved. The municipal bond process can be a complicated one, so we’ll try to simplify it for you.
Our story begins by paying a visit to Anytown, USA. Anytown is a great place to live. There’s a thriving cultural scene, good schools, and a strong business environment. It’s no wonder that many families have moved here. But, with lots of families now living in Anytown, the schools are bursting at the seams. The mayor, town council, and school district leaders all agree that a brand new school is needed, in addition to expansions to some of the existing school buildings. But, at an estimated cost of $30,000,000, how will the town pay for it?
The town leaders come up with a plan to raise these funds by issuing bonds. This means that Anytown will borrow money from investors with the expectation of paying them back, with interest, over time. The people who will actually use the school building in the future will also be the folks paying for it. Anytown will use property tax revenues to repay the investors, backed by the full faith and taxing authority of the town. This is called a “general obligation municipal bond.”
But, things can’t move forward just yet. Voter approval of the proposal is required. So, a bond proposal is developed and put on the ballot, as part of an election. The votes are tallied and the proposal is passed.
At this point in our story, some new characters enter the scene: the underwriter, the bond counsel, and in most cases, the financial advisor. The financial advisor helps Anytown make decisions regarding the bond issue and works with the underwriter to determine pricing and distribution to investors. The underwriter acts as a liaison between the town and potential investors when bringing the bond issue to market.
An underwriter can be chosen in two ways: via competitive sale or negotiated sale. The leaders of Anytown decide to go the competitive route, and put the bond issue out to bid. This is where the bond counsel, Smith & Jones Law Firm, enters the picture. Smith & Jones prepares the bond documents, including the OfficialStatement, and since Anytown has chosen the competitive route, a Notice of Sale. The Official Statement contains all the information a prospective investor needs in order to invest in Anytown’s bond issue. The underwriter will review the Official Statement and decide whether to bid on the bond. The bond counsel also writes the legal opinion, which provides justification and law for the tax exempt status of the issue and ensures that the bonds are valid and binding obligations for Anytown. The firm does not comment on the investment merit of the bond issue.
Now that the legal opinion is in place, the Notice of Sale can be completed and posted. ABCInvestment Bank sees the ad and is interested in underwriting it, with the ultimate goal of buying the muni bond issue from Anytown, and reselling it to investors. Before submitting a bid, however, they would like to invite other investment banks to participate with them, so they decide to form a syndicate and act as the syndicate manager. Forming a syndicate will allow the bank to share the marketing and distribution duties, as well as some of the financial risk of underwriting the bond issue.
Two banks, JKL and XYZ, agree to join ABC Syndicate and they submit a bid.
Back at Anytown town hall, the bid is reviewed, along with several others up for consideration. After much deliberation, the bond issue is awarded to the syndicate formed by ABC Investment Bank because they turned in the lowest borrowing cost. The syndicate goes to work as the underwriter, reaching out to individual and institutional investors to determine their interest in purchasing the bonds [...]
Fidelity Brokerage Services LLC, MemberNYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
608004.3.0

Investopedia Video: What Is A Municipal Bond?

Municipal bonds, often called munis, are considered a debt instrument because when the investor purchases one, he or she is essentially loaning funds to the aut...

Municipal bonds, often called munis, are considered a debt instrument because when the investor purchases one, he or she is essentially loaning funds to the authority that issued it. In exchange, the authority promises to pay interest, called the coupon rate, during the years prior to maturity, at which point it repays the bond's par value.

Municipal bonds, often called munis, are considered a debt instrument because when the investor purchases one, he or she is essentially loaning funds to the authority that issued it. In exchange, the authority promises to pay interest, called the coupon rate, during the years prior to maturity, at which point it repays the bond's par value.

The 3 Main Types of Municipal Bonds

This video discusses the 3 main types of municipal bonds: general obligation bonds, revenue bonds, and prerefunded bonds.
Edspira is your source for business ...

This video discusses the 3 main types of municipal bonds: general obligation bonds, revenue bonds, and prerefunded bonds.
Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.EducationUnlocked.org/
To like us on Facebook, visit https://www.facebook.com/Edspira
Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com
To follow Michael on Facebook, visit
https://facebook.com/Prof.Michael.McLaughlin
To follow Michael on Twitter, visit
https://twitter.com/Prof_McLaughlin

This video discusses the 3 main types of municipal bonds: general obligation bonds, revenue bonds, and prerefunded bonds.
Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.EducationUnlocked.org/
To like us on Facebook, visit https://www.facebook.com/Edspira
Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com
To follow Michael on Facebook, visit
https://facebook.com/Prof.Michael.McLaughlin
To follow Michael on Twitter, visit
https://twitter.com/Prof_McLaughlin

Tax Free Municipal Bonds | BeatTheBush

Tax-free municipal bonds is a useful tool in creating more tax free income. Buying this very special type of asset class allows the dividends you get to be tax ...

Tax-free municipal bonds is a useful tool in creating more tax free income. Buying this very special type of asset class allows the dividends you get to be tax free. If you are in a high tax bracket, then these types of bonds is ideal as compared to earning dividends on the free stock market.
Support more videos like this along with getting a bunch of perks here: http://www.patreon.com/BeatTheBush
Get a free audiobook and 30-day trial. Even if you cancel, you still keep the book and you still support my channel for signing up. Support my channel by signing up to help me make more videos like this:
http://www.audibletrial.com/BeatTheBush
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Credit Card for Starters
Who Should NEVER Get a Credit Card: https://youtu.be/aNYZkMgTyb0
Only Use Credit or Only Use Debit: https://youtu.be/J0ZRgBIG39Q
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How Credit Card Calculates Interest: https://youtu.be/0Z2nWQdqa2A
How Credit Card GracePeriodsWork: https://youtu.be/8WuH3-PsjCA
Difference Between Credit Card Inactivity and 0% Utilization: https://youtu.be/rtfJMZf_IrM
Credit Card StatementClosingDate vs. Due Date: https://youtu.be/3-knvT7JbTk
Does Canceling Credit Cards Affect Credit Score: https://youtu.be/jYGZukw5i-Q
Can You Afford a No Limit Credit Card: https://youtu.be/sdAh7hzgJoU
Credit Card BalanceTransferHack: https://youtu.be/F2Foqg2ZTEw
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Maximize Credit Score while in College: https://youtu.be/pxGECoQoLLA
Build Credit Fast with a $500 Credit Limit: https://youtu.be/attQKzngqoE
How to Pay off Credit Card Debt: https://youtu.be/XY8YSPapnF8
How to Build Credit with Bad Credit or No Credit [w/ Self Lender]: https://youtu.be/RNXutBGAnlM
How to Boost Your Credit Score Within30 Days: https://youtu.be/LyBjciz4-zg
Credit Score More Than 700
How to Increase Credit Score from 700: https://youtu.be/MCFKNBcyAWs
740+ is Not Just For Show: https://youtu.be/1fGcpxurzgU
My Credit Score: 848, How to get it Part 1: https://youtu.be/dEZLZQXRBjQ
My Credit Score: 848, How to get it Part 2: https://youtu.be/Y6-SB35C7Pc
My Credit Score: 848 - Credit Card Hacks and How I got it: https://youtu.be/8Xz3hi3VWfM
Advanced Credit Card Tricks
How to get a Business Credit Card: https://youtu.be/S3srld5_l5Y
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This Channel: BeatTheBush
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Other Channels:
BeatTheBush DIY: https://www.youtube.com/BeatTheBushDIY

Tax-free municipal bonds is a useful tool in creating more tax free income. Buying this very special type of asset class allows the dividends you get to be tax free. If you are in a high tax bracket, then these types of bonds is ideal as compared to earning dividends on the free stock market.
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How Credit Card Calculates Interest: https://youtu.be/0Z2nWQdqa2A
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How I Make 200Dollars in 10 Minute [Hint: Credit Card Bonus]: https://youtu.be/pegq4G7ZhTI
When Your Best Cash Back Card Gets Cancelled: https://youtu.be/pe7OuqxGi9M
AmexBlue Cash Preferred vs. EverydayEffective Cash Back on Groceries: https://youtu.be/3ezD_QwS5e0
Double Dip Groceries Cash Back with Safeway Just for U: https://youtu.be/7kBl0W_L29U
Milk the Barclays Cashforward Card for the MOST Cash Back: https://youtu.be/qf2gvrk6Evo
This Channel: BeatTheBush
I've obtained a high credit score of 848 out of 850 and I am glad to share the knowledge for everyone. Since 3 years ago, I've started making numerous videos that helped people increase their credit score that are free and accessible to all. Please enjoy my channel.
Other Channels:
BeatTheBush DIY: https://www.youtube.com/BeatTheBushDIY

Discover different types of debt instruments, including Government securities, Government agencies, municipal bonds, and corporate bonds. This educational video is part of Zions DirectUniversity's Beginner series.
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Discover different types of debt instruments, including Government securities, Government agencies, municipal bonds, and corporate bonds. This educational video is part of Zions DirectUniversity's Beginner series.
Questions or Comments?
Have a question or topic you’d like to learn more about? Let us know:
Twitter: @ZionsDirectTV
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Or leave a comment on one of our videos.
Open an Account:
Begin investing today by opening a brokerage account or IRA at www.zionsdirect.com
Bid in our Auctions:
Participate in our fixed-income security auctions with no commissions or mark-ups charged by Zions Direct at www.auctions.zionsdirect.com

Municipal bonds

Municipal bonds
Municipal bonds are good for high income people
Although investing in foreign bonds isn't a great idea for anyone, investing in municipal bonds...

Municipal bonds
Municipal bonds are good for high income people
Although investing in foreign bonds isn't a great idea for anyone, investing in municipal bonds may be a good idea for some people.
If you have a fairly high income, you should take a look into investing into municipal bonds. Almost all municipal bonds are exempt from federal income tax, and most municipal bonds issued in your state also are exempt from state income taxes.
However, only the interest income is exempt from taxation. If you sell a municipal bond, or bond fund, at a gain, you'll have to pay capital gains taxes.
If you're in the 28 percent marginal tax bracket, municipal bonds are probably worth a look. If you're in the 31 percent marginal tax bracket, municipal bonds are certainly worth investigating.
However, since municipal bonds are exempt from federal income tax, these bonds will offer a yield that is lower than the more creditworthy US Treasury bonds. To determine if investing in municipal bonds is right for you, you need to compare the after-tax yields of munis with taxable bonds of comparable credit quality.
How to tell if you should invest in municipal bonds
Suppose blue chip corporate bonds are yielding 10 percent, and municipal bonds yield only 8 percent. If you're in the 15 percent marginal tax bracket, the corporate bonds will provide a higher after-tax yield.
However, if you're in the 28 percent or higher bracket, the municipal bonds provide a higher after-tax return. And remember that municipal bond funds come in all different maturities including money market funds.
Never put municipal bonds in a retirement account
Notice that you should never invest in municipal bonds inside of a retirement account. Retirement accounts already provide tax sheltering, so go for the higher yield provided by something like a corporate bond instead of the lower municipal yield.
Also, if you're investing in municipal bonds, keep an eye on tax reform legislation. Tax reform packages offered by both Republicans and Democrats would end the tax exempt status for municipal bonds. If these tax reform packages became law, municipal bond prices will drop.
Don't invest in most double exempt muni bond funds
Finally, should you invest in a so-called double-exempt municipal bond fund? The answer is usually no.
These funds invest in municipal bonds issued by a single state. For example, California investors might want to invest in a California double-exempt fund that invests only in California municipal bonds.
This way, the interest income earned by the California investor is exempt from federal income tax and California state income tax. This makes the after-tax yield even better for a California investor.
Almost every state has double-exempt bond funds. Even states that have no state income tax for some reason have double-exempt bond funds.
However, most of these funds should be avoided. The problem with most of these funds is that their fees are too high. A typical double-exempt bond fund charges a sales load of 5 percent and has an expense ratio of well over 1 percent.
However, if you live in a big state with high tax rates like California or New York, you probably can find a bond fund that is both double-exempt for your state and has low costs. The Vanguard mutual fund family is usually the place to look for these kind of funds.
Insured municipal bonds
There are several levels of credit risk in municipal bonds. Conservative investors can invest in insured municipals where an insurance company will assume the local government's obligations if the local government goes bankrupt. This insurance comes at a price, generally in the form of reduced yield.
General obligation bonds
Uninsured general obligation municipal bonds aren't as safe as insured municipals, but they are generally good credit risks.
General obligation bonds are backed by the local government's full taxing authority. With GO bonds, the local government has the obligation to raise taxes to meet the debt payments.
Revenue bonds
Revenue bonds are another form of municipal bond. In this case the municipality doesn't guarantee that the local government will be liable for the debt.
Revenue bonds typically are issued to pay for new sewers, stadiums or airports. The water department or stadium collects usage fees, and these fees are used to pay off the debt. If the usage fees aren't sufficient to pay off the debt's obligations, the government isn't on the hook to make up the difference.
Revenue bonds for essential services like sewage are probably safer investments than bonds used to finance things like stadiums or convention centers.
Copyright1997 by David Luhman

Municipal bonds
Municipal bonds are good for high income people
Although investing in foreign bonds isn't a great idea for anyone, investing in municipal bonds may be a good idea for some people.
If you have a fairly high income, you should take a look into investing into municipal bonds. Almost all municipal bonds are exempt from federal income tax, and most municipal bonds issued in your state also are exempt from state income taxes.
However, only the interest income is exempt from taxation. If you sell a municipal bond, or bond fund, at a gain, you'll have to pay capital gains taxes.
If you're in the 28 percent marginal tax bracket, municipal bonds are probably worth a look. If you're in the 31 percent marginal tax bracket, municipal bonds are certainly worth investigating.
However, since municipal bonds are exempt from federal income tax, these bonds will offer a yield that is lower than the more creditworthy US Treasury bonds. To determine if investing in municipal bonds is right for you, you need to compare the after-tax yields of munis with taxable bonds of comparable credit quality.
How to tell if you should invest in municipal bonds
Suppose blue chip corporate bonds are yielding 10 percent, and municipal bonds yield only 8 percent. If you're in the 15 percent marginal tax bracket, the corporate bonds will provide a higher after-tax yield.
However, if you're in the 28 percent or higher bracket, the municipal bonds provide a higher after-tax return. And remember that municipal bond funds come in all different maturities including money market funds.
Never put municipal bonds in a retirement account
Notice that you should never invest in municipal bonds inside of a retirement account. Retirement accounts already provide tax sheltering, so go for the higher yield provided by something like a corporate bond instead of the lower municipal yield.
Also, if you're investing in municipal bonds, keep an eye on tax reform legislation. Tax reform packages offered by both Republicans and Democrats would end the tax exempt status for municipal bonds. If these tax reform packages became law, municipal bond prices will drop.
Don't invest in most double exempt muni bond funds
Finally, should you invest in a so-called double-exempt municipal bond fund? The answer is usually no.
These funds invest in municipal bonds issued by a single state. For example, California investors might want to invest in a California double-exempt fund that invests only in California municipal bonds.
This way, the interest income earned by the California investor is exempt from federal income tax and California state income tax. This makes the after-tax yield even better for a California investor.
Almost every state has double-exempt bond funds. Even states that have no state income tax for some reason have double-exempt bond funds.
However, most of these funds should be avoided. The problem with most of these funds is that their fees are too high. A typical double-exempt bond fund charges a sales load of 5 percent and has an expense ratio of well over 1 percent.
However, if you live in a big state with high tax rates like California or New York, you probably can find a bond fund that is both double-exempt for your state and has low costs. The Vanguard mutual fund family is usually the place to look for these kind of funds.
Insured municipal bonds
There are several levels of credit risk in municipal bonds. Conservative investors can invest in insured municipals where an insurance company will assume the local government's obligations if the local government goes bankrupt. This insurance comes at a price, generally in the form of reduced yield.
General obligation bonds
Uninsured general obligation municipal bonds aren't as safe as insured municipals, but they are generally good credit risks.
General obligation bonds are backed by the local government's full taxing authority. With GO bonds, the local government has the obligation to raise taxes to meet the debt payments.
Revenue bonds
Revenue bonds are another form of municipal bond. In this case the municipality doesn't guarantee that the local government will be liable for the debt.
Revenue bonds typically are issued to pay for new sewers, stadiums or airports. The water department or stadium collects usage fees, and these fees are used to pay off the debt. If the usage fees aren't sufficient to pay off the debt's obligations, the government isn't on the hook to make up the difference.
Revenue bonds for essential services like sewage are probably safer investments than bonds used to finance things like stadiums or convention centers.
Copyright1997 by David Luhman

Buying and Selling Municipal Bonds in the Secondary Market | Fidelity

Are you curious how to buy or sell an existing municipal bond? Trading municipal securities in the secondary market is an entirely different experience than a n...

Are you curious how to buy or sell an existing municipal bond? Trading municipal securities in the secondary market is an entirely different experience than a new issue bond offering. Learn more about the differences and what you should pay extra attention to during the process.
View more videos about investing and trading in our FidelityLearningCenterhttp://go.fidelity.com/LearnCenter.
To see more videos from Fidelity Investments, subscribe to:
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Fidelity Brokerage Services LLC, MemberNYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
643825.3.0

Are you curious how to buy or sell an existing municipal bond? Trading municipal securities in the secondary market is an entirely different experience than a new issue bond offering. Learn more about the differences and what you should pay extra attention to during the process.
View more videos about investing and trading in our FidelityLearningCenterhttp://go.fidelity.com/LearnCenter.
To see more videos from Fidelity Investments, subscribe to:
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Facebook: https://www.facebook.com/fidelityinvestments
Twitter: https://www.twitter.com/fidelity
Google+: https://plus.google.com/+fidelity
LinkedIn: https://www.linkedin.com/company/fidelity-investments
Fidelity Brokerage Services LLC, MemberNYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
643825.3.0

Language: Hindi, Topics Covered
1. Recap of banking sector lectures and minor updates as per latest monetary policy review (Feb 2015) and Committees for Small banks and Payment Banks
2. What is finance? Why should we start business with finance from elsewhere?
3. Type types of Financing mechanism: DebtInstrument vs Equity instruments
4. What is credit rating? What is India’s current credit rating? What factors affect it?
5. What’s the difference between Gilt Edged securities vs. Junk Bonds
6. What is bond yield and yield to maturity (YTM)?
7. How can higher bond yield and lower credit rating hurt a Government?
8. Difference between Bonds and Debentures?
9. Municipal bonds: History, their Importance in financing smart cities, SEBI’s 2015 guidelines for Municipal bonds.
10. OFCD and other t...

published: 07 Feb 2015

"State and Municipal Debt: The Coming Crisis?"

Chairman Patrick McHenry (R-NC) gets the facts on the looming public pension crisis at the state and city level. His mission is to prevent any future taxpayer-funded bailouts of these public pension programs that are deep in the red.
2-9-11: Subcommittee on TARP and Financial Services hearing

A Current Guide to Municipal Bonds and Debt

As local governments and school districts face ever-increasing budget constraints and capital needs, learn more about municipal borrowing in this webinar recording for local governmental units. Bond attorney John Kamins presents on topics including the nuts and bolts of issuing bonds with or without voter approval, who buys bonds and how, Michigan laws controlling how municipalities and schools borrow money or refinance debt, federal tax laws on tax-exempt bonds, and major developments in federal securities laws regulating municipal financial advisors and the disclosure duties of municipal officials.

Municipal Law Seminar - Debt 101 - Process and Players

http://BakkeNorman.com
Join Sean Lentz and PatrickMallory of Ehlers, as they discuss the challenging process of taking on municipal debt for cites, towns, and villages at the 2015Municipal Law Seminar, hosted by Bakke Norman Law.
Sean Lentz, CIPFA
Ehlers
SeniorFinancial Advisor/Director
Sean is a Senior Financial Advisor/Director with Ehlers for over 20 years. He has worked on projects involving various types of general obligations, revenue bonds, current and advance refunding, and cash flow financing.
He has special expertise in the areas of cash flow analysis for determining project feasibility, size and structure, maturity schedules, debt planning and management, tax increment financing and creation of computer models for special client needs. Sean has been with Ehlers since Au...

"State and Municipal Debt: The Coming Crisis?"

Chairman Patrick McHenry (R-NC) gets the facts on the looming public pension crisis at the state and city level. His mission is to prevent any future taxpayer-...

Chairman Patrick McHenry (R-NC) gets the facts on the looming public pension crisis at the state and city level. His mission is to prevent any future taxpayer-funded bailouts of these public pension programs that are deep in the red.
2-9-11: Subcommittee on TARP and Financial Services hearing

Chairman Patrick McHenry (R-NC) gets the facts on the looming public pension crisis at the state and city level. His mission is to prevent any future taxpayer-funded bailouts of these public pension programs that are deep in the red.
2-9-11: Subcommittee on TARP and Financial Services hearing

A Current Guide to Municipal Bonds and Debt

As local governments and school districts face ever-increasing budget constraints and capital needs, learn more about municipal borrowing in this webinar record...

As local governments and school districts face ever-increasing budget constraints and capital needs, learn more about municipal borrowing in this webinar recording for local governmental units. Bond attorney John Kamins presents on topics including the nuts and bolts of issuing bonds with or without voter approval, who buys bonds and how, Michigan laws controlling how municipalities and schools borrow money or refinance debt, federal tax laws on tax-exempt bonds, and major developments in federal securities laws regulating municipal financial advisors and the disclosure duties of municipal officials.

As local governments and school districts face ever-increasing budget constraints and capital needs, learn more about municipal borrowing in this webinar recording for local governmental units. Bond attorney John Kamins presents on topics including the nuts and bolts of issuing bonds with or without voter approval, who buys bonds and how, Michigan laws controlling how municipalities and schools borrow money or refinance debt, federal tax laws on tax-exempt bonds, and major developments in federal securities laws regulating municipal financial advisors and the disclosure duties of municipal officials.

Municipal Law Seminar - Debt 101 - Process and Players

http://BakkeNorman.com
Join Sean Lentz and PatrickMallory of Ehlers, as they discuss the challenging process of taking on municipal debt for cites, towns, and...

http://BakkeNorman.com
Join Sean Lentz and PatrickMallory of Ehlers, as they discuss the challenging process of taking on municipal debt for cites, towns, and villages at the 2015Municipal Law Seminar, hosted by Bakke Norman Law.
Sean Lentz, CIPFA
Ehlers
SeniorFinancial Advisor/Director
Sean is a Senior Financial Advisor/Director with Ehlers for over 20 years. He has worked on projects involving various types of general obligations, revenue bonds, current and advance refunding, and cash flow financing.
He has special expertise in the areas of cash flow analysis for determining project feasibility, size and structure, maturity schedules, debt planning and management, tax increment financing and creation of computer models for special client needs. Sean has been with Ehlers since August of 1994.
Patrick Mallory
Ehlers
Patrick joined the Ehlers staff in 2013 and has worked extensively with cities, villages and counties in Wisconsin on debt issuance, economic development, and financial management strategies.
He has developed particular expertise with tax increment financing and has helped advise and facilitate a wide variety of debt issuance transactions.
Prior to joining Ehlers, Patrick completed his Master of Public Policy degree with a focus in public finance and administration at the University of Minnesota. He also has professional experience in government that includes project management for affordable housing finance with the City of New York and performance auditing with the City of Portland, Oregon.

http://BakkeNorman.com
Join Sean Lentz and PatrickMallory of Ehlers, as they discuss the challenging process of taking on municipal debt for cites, towns, and villages at the 2015Municipal Law Seminar, hosted by Bakke Norman Law.
Sean Lentz, CIPFA
Ehlers
SeniorFinancial Advisor/Director
Sean is a Senior Financial Advisor/Director with Ehlers for over 20 years. He has worked on projects involving various types of general obligations, revenue bonds, current and advance refunding, and cash flow financing.
He has special expertise in the areas of cash flow analysis for determining project feasibility, size and structure, maturity schedules, debt planning and management, tax increment financing and creation of computer models for special client needs. Sean has been with Ehlers since August of 1994.
Patrick Mallory
Ehlers
Patrick joined the Ehlers staff in 2013 and has worked extensively with cities, villages and counties in Wisconsin on debt issuance, economic development, and financial management strategies.
He has developed particular expertise with tax increment financing and has helped advise and facilitate a wide variety of debt issuance transactions.
Prior to joining Ehlers, Patrick completed his Master of Public Policy degree with a focus in public finance and administration at the University of Minnesota. He also has professional experience in government that includes project management for affordable housing finance with the City of New York and performance auditing with the City of Portland, Oregon.

What are Municipal Bonds? | Fidelity

Learn the details behind general obligation municipal bonds – what they are, why they are created, and how they work – with this illustrated video by Fidelity.
To learn more about municipal bonds, please visit https://www.fidelity.com/fixedincome-bonds/individual-bonds/municipal-bonds.
To see more videos from Fidelity Investments, subscribe to:
https://www.youtube.com/fidelityinvestments
Facebook: https://www.facebook.com/fidelityinvestments
Twitter: https://www.twitter.com/fidelity
Google+: https://plus.google.com/+fidelity
LinkedIn: https://www.linkedin.com/company/fidelity-investments
-----------------------------------------------------------------------------------------------
Many people purchase municipal bonds as part of their overall investing strategy, but there’s quite a story behind how they are created, how they work, who’s involved. The municipal bond process can be a complicated one, so we’ll try to simplify it for you.
Our story begins by paying a visit to Anytown, USA. Anytown is a great place to live. There’s a thriving cultural scene, good schools, and a strong business environment. It’s no wonder that many families have moved here. But, with lots of families now living in Anytown, the schools are bursting at the seams. The mayor, town council, and school district leaders all agree that a brand new school is needed, in addition to expansions to some of the existing school buildings. But, at an estimated cost of $30,000,000, how will the town pay for it?
The town leaders come up with a plan to raise these funds by issuing bonds. This means that Anytown will borrow money from investors with the expectation of paying them back, with interest, over time. The people who will actually use the school building in the future will also be the folks paying for it. Anytown will use property tax revenues to repay the investors, backed by the full faith and taxing authority of the town. This is called a “general obligation municipal bond.”
But, things can’t move forward just yet. Voter approval of the proposal is required. So, a bond proposal is developed and put on the ballot, as part of an election. The votes are tallied and the proposal is passed.
At this point in our story, some new characters enter the scene: the underwriter, the bond counsel, and in most cases, the financial advisor. The financial advisor helps Anytown make decisions regarding the bond issue and works with the underwriter to determine pricing and distribution to investors. The underwriter acts as a liaison between the town and potential investors when bringing the bond issue to market.
An underwriter can be chosen in two ways: via competitive sale or negotiated sale. The leaders of Anytown decide to go the competitive route, and put the bond issue out to bid. This is where the bond counsel, Smith & Jones Law Firm, enters the picture. Smith & Jones prepares the bond documents, including the OfficialStatement, and since Anytown has chosen the competitive route, a Notice of Sale. The Official Statement contains all the information a prospective investor needs in order to invest in Anytown’s bond issue. The underwriter will review the Official Statement and decide whether to bid on the bond. The bond counsel also writes the legal opinion, which provides justification and law for the tax exempt status of the issue and ensures that the bonds are valid and binding obligations for Anytown. The firm does not comment on the investment merit of the bond issue.
Now that the legal opinion is in place, the Notice of Sale can be completed and posted. ABCInvestment Bank sees the ad and is interested in underwriting it, with the ultimate goal of buying the muni bond issue from Anytown, and reselling it to investors. Before submitting a bid, however, they would like to invite other investment banks to participate with them, so they decide to form a syndicate and act as the syndicate manager. Forming a syndicate will allow the bank to share the marketing and distribution duties, as well as some of the financial risk of underwriting the bond issue.
Two banks, JKL and XYZ, agree to join ABC Syndicate and they submit a bid.
Back at Anytown town hall, the bid is reviewed, along with several others up for consideration. After much deliberation, the bond issue is awarded to the syndicate formed by ABC Investment Bank because they turned in the lowest borrowing cost. The syndicate goes to work as the underwriter, reaching out to individual and institutional investors to determine their interest in purchasing the bonds [...]
Fidelity Brokerage Services LLC, MemberNYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
608004.3.0

1:42

Investopedia Video: What Is A Municipal Bond?

Municipal bonds, often called munis, are considered a debt instrument because when the inv...

Investopedia Video: What Is A Municipal Bond?

Municipal bonds, often called munis, are considered a debt instrument because when the investor purchases one, he or she is essentially loaning funds to the authority that issued it. In exchange, the authority promises to pay interest, called the coupon rate, during the years prior to maturity, at which point it repays the bond's par value.

5:53

The 3 Main Types of Municipal Bonds

This video discusses the 3 main types of municipal bonds: general obligation bonds, reven...

The 3 Main Types of Municipal Bonds

This video discusses the 3 main types of municipal bonds: general obligation bonds, revenue bonds, and prerefunded bonds.
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Tax Free Municipal Bonds | BeatTheBush

Tax-free municipal bonds is a useful tool in creating more tax free income. Buying this very special type of asset class allows the dividends you get to be tax free. If you are in a high tax bracket, then these types of bonds is ideal as compared to earning dividends on the free stock market.
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Get a free audiobook and 30-day trial. Even if you cancel, you still keep the book and you still support my channel for signing up. Support my channel by signing up to help me make more videos like this:
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Credit Card for Starters
Who Should NEVER Get a Credit Card: https://youtu.be/aNYZkMgTyb0
Only Use Credit or Only Use Debit: https://youtu.be/J0ZRgBIG39Q
Credit Card Basics
How Credit Card Calculates Interest: https://youtu.be/0Z2nWQdqa2A
How Credit Card GracePeriodsWork: https://youtu.be/8WuH3-PsjCA
Difference Between Credit Card Inactivity and 0% Utilization: https://youtu.be/rtfJMZf_IrM
Credit Card StatementClosingDate vs. Due Date: https://youtu.be/3-knvT7JbTk
Does Canceling Credit Cards Affect Credit Score: https://youtu.be/jYGZukw5i-Q
Can You Afford a No Limit Credit Card: https://youtu.be/sdAh7hzgJoU
Credit Card BalanceTransferHack: https://youtu.be/F2Foqg2ZTEw
Credit Score Less Than 700
Maximize Credit Score while in College: https://youtu.be/pxGECoQoLLA
Build Credit Fast with a $500 Credit Limit: https://youtu.be/attQKzngqoE
How to Pay off Credit Card Debt: https://youtu.be/XY8YSPapnF8
How to Build Credit with Bad Credit or No Credit [w/ Self Lender]: https://youtu.be/RNXutBGAnlM
How to Boost Your Credit Score Within30 Days: https://youtu.be/LyBjciz4-zg
Credit Score More Than 700
How to Increase Credit Score from 700: https://youtu.be/MCFKNBcyAWs
740+ is Not Just For Show: https://youtu.be/1fGcpxurzgU
My Credit Score: 848, How to get it Part 1: https://youtu.be/dEZLZQXRBjQ
My Credit Score: 848, How to get it Part 2: https://youtu.be/Y6-SB35C7Pc
My Credit Score: 848 - Credit Card Hacks and How I got it: https://youtu.be/8Xz3hi3VWfM
Advanced Credit Card Tricks
How to get a Business Credit Card: https://youtu.be/S3srld5_l5Y
Keep 16 Credit Cards Active: https://youtu.be/yAzkEK8Y6E8
Rejected for a New Credit Card with 826 Credit Score: https://youtu.be/66O505Oj5e4
Make Credit Cards Pay You Instead: https://youtu.be/wKMJdX1fQJA
Credit Card Low Balance Cancellation $2 per mont [Still Works]: https://youtu.be/2DJjfvcMCcg
CashBack
Are Credit Card Points Taxable?: https://youtu.be/Tw90h8I5JNk
How to Churn Credit Cards: https://youtu.be/uw__fl38Dk4
Best Cash Back Credit Cards for 2017: https://youtu.be/e_uJweUsiDk
5% Cash Back on Everything: https://youtu.be/q9g_rySm_tI
Always get 11% OffAmazonGift Cards and Amazon Hacks: https://youtu.be/vbv6Rj2uUr4
Max Rewards: What's in My Wallet: https://youtu.be/cmJDFcbjFho
How I Make 200Dollars in 10 Minute [Hint: Credit Card Bonus]: https://youtu.be/pegq4G7ZhTI
When Your Best Cash Back Card Gets Cancelled: https://youtu.be/pe7OuqxGi9M
AmexBlue Cash Preferred vs. EverydayEffective Cash Back on Groceries: https://youtu.be/3ezD_QwS5e0
Double Dip Groceries Cash Back with Safeway Just for U: https://youtu.be/7kBl0W_L29U
Milk the Barclays Cashforward Card for the MOST Cash Back: https://youtu.be/qf2gvrk6Evo
This Channel: BeatTheBush
I've obtained a high credit score of 848 out of 850 and I am glad to share the knowledge for everyone. Since 3 years ago, I've started making numerous videos that helped people increase their credit score that are free and accessible to all. Please enjoy my channel.
Other Channels:
BeatTheBush DIY: https://www.youtube.com/BeatTheBushDIY

Types of Debt Securities

Discover different types of debt instruments, including Government securities, Government agencies, municipal bonds, and corporate bonds. This educational video is part of Zions DirectUniversity's Beginner series.
Questions or Comments?
Have a question or topic you’d like to learn more about? Let us know:
Twitter: @ZionsDirectTV
Facebook: www.facebook.com/zionsdirect
Or leave a comment on one of our videos.
Open an Account:
Begin investing today by opening a brokerage account or IRA at www.zionsdirect.com
Bid in our Auctions:
Participate in our fixed-income security auctions with no commissions or mark-ups charged by Zions Direct at www.auctions.zionsdirect.com

5:11

Municipal bonds

Municipal bonds
Municipal bonds are good for high income people
Although investing in for...

Municipal bonds

Municipal bonds
Municipal bonds are good for high income people
Although investing in foreign bonds isn't a great idea for anyone, investing in municipal bonds may be a good idea for some people.
If you have a fairly high income, you should take a look into investing into municipal bonds. Almost all municipal bonds are exempt from federal income tax, and most municipal bonds issued in your state also are exempt from state income taxes.
However, only the interest income is exempt from taxation. If you sell a municipal bond, or bond fund, at a gain, you'll have to pay capital gains taxes.
If you're in the 28 percent marginal tax bracket, municipal bonds are probably worth a look. If you're in the 31 percent marginal tax bracket, municipal bonds are certainly worth investigating.
However, since municipal bonds are exempt from federal income tax, these bonds will offer a yield that is lower than the more creditworthy US Treasury bonds. To determine if investing in municipal bonds is right for you, you need to compare the after-tax yields of munis with taxable bonds of comparable credit quality.
How to tell if you should invest in municipal bonds
Suppose blue chip corporate bonds are yielding 10 percent, and municipal bonds yield only 8 percent. If you're in the 15 percent marginal tax bracket, the corporate bonds will provide a higher after-tax yield.
However, if you're in the 28 percent or higher bracket, the municipal bonds provide a higher after-tax return. And remember that municipal bond funds come in all different maturities including money market funds.
Never put municipal bonds in a retirement account
Notice that you should never invest in municipal bonds inside of a retirement account. Retirement accounts already provide tax sheltering, so go for the higher yield provided by something like a corporate bond instead of the lower municipal yield.
Also, if you're investing in municipal bonds, keep an eye on tax reform legislation. Tax reform packages offered by both Republicans and Democrats would end the tax exempt status for municipal bonds. If these tax reform packages became law, municipal bond prices will drop.
Don't invest in most double exempt muni bond funds
Finally, should you invest in a so-called double-exempt municipal bond fund? The answer is usually no.
These funds invest in municipal bonds issued by a single state. For example, California investors might want to invest in a California double-exempt fund that invests only in California municipal bonds.
This way, the interest income earned by the California investor is exempt from federal income tax and California state income tax. This makes the after-tax yield even better for a California investor.
Almost every state has double-exempt bond funds. Even states that have no state income tax for some reason have double-exempt bond funds.
However, most of these funds should be avoided. The problem with most of these funds is that their fees are too high. A typical double-exempt bond fund charges a sales load of 5 percent and has an expense ratio of well over 1 percent.
However, if you live in a big state with high tax rates like California or New York, you probably can find a bond fund that is both double-exempt for your state and has low costs. The Vanguard mutual fund family is usually the place to look for these kind of funds.
Insured municipal bonds
There are several levels of credit risk in municipal bonds. Conservative investors can invest in insured municipals where an insurance company will assume the local government's obligations if the local government goes bankrupt. This insurance comes at a price, generally in the form of reduced yield.
General obligation bonds
Uninsured general obligation municipal bonds aren't as safe as insured municipals, but they are generally good credit risks.
General obligation bonds are backed by the local government's full taxing authority. With GO bonds, the local government has the obligation to raise taxes to meet the debt payments.
Revenue bonds
Revenue bonds are another form of municipal bond. In this case the municipality doesn't guarantee that the local government will be liable for the debt.
Revenue bonds typically are issued to pay for new sewers, stadiums or airports. The water department or stadium collects usage fees, and these fees are used to pay off the debt. If the usage fees aren't sufficient to pay off the debt's obligations, the government isn't on the hook to make up the difference.
Revenue bonds for essential services like sewage are probably safer investments than bonds used to finance things like stadiums or convention centers.
Copyright1997 by David Luhman

43:03

Changing patterns in household ownership of municipal debt

Richard Ryffel moderates a discussion of “Changing Patterns in Household Ownership of Muni...

Buying and Selling Municipal Bonds in the Secondary Market | Fidelity

Are you curious how to buy or sell an existing municipal bond? Trading municipal securities in the secondary market is an entirely different experience than a new issue bond offering. Learn more about the differences and what you should pay extra attention to during the process.
View more videos about investing and trading in our FidelityLearningCenterhttp://go.fidelity.com/LearnCenter.
To see more videos from Fidelity Investments, subscribe to:
https://www.youtube.com/fidelityinvestments
Facebook: https://www.facebook.com/fidelityinvestments
Twitter: https://www.twitter.com/fidelity
Google+: https://plus.google.com/+fidelity
LinkedIn: https://www.linkedin.com/company/fidelity-investments
Fidelity Brokerage Services LLC, MemberNYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
643825.3.0

What are Municipal Bonds? | Fidelity

Learn the details behind general obligation municipal bonds – what they are, why they are created, and how they work – with this illustrated video by Fidelity.
To learn more about municipal bonds, please visit https://www.fidelity.com/fixedincome-bonds/individual-bonds/municipal-bonds.
To see more videos from Fidelity Investments, subscribe to:
https://www.youtube.com/fidelityinvestments
Facebook: https://www.facebook.com/fidelityinvestments
Twitter: https://www.twitter.com/fidelity
Google+: https://plus.google.com/+fidelity
LinkedIn: https://www.linkedin.com/company/fidelity-investments
-----------------------------------------------------------------------------------------------
Many people purchase municipal bonds as part of their overall investing strategy, but there’s quite a story behind how they are created, how they work, who’s involved. The municipal bond process can be a complicated one, so we’ll try to simplify it for you.
Our story begins by paying a visit to Anytown, USA. Anytown is a great place to live. There’s a thriving cultural scene, good schools, and a strong business environment. It’s no wonder that many families have moved here. But, with lots of families now living in Anytown, the schools are bursting at the seams. The mayor, town council, and school district leaders all agree that a brand new school is needed, in addition to expansions to some of the existing school buildings. But, at an estimated cost of $30,000,000, how will the town pay for it?
The town leaders come up with a plan to raise these funds by issuing bonds. This means that Anytown will borrow money from investors with the expectation of paying them back, with interest, over time. The people who will actually use the school building in the future will also be the folks paying for it. Anytown will use property tax revenues to repay the investors, backed by the full faith and taxing authority of the town. This is called a “general obligation municipal bond.”
But, things can’t move forward just yet. Voter approval of the proposal is required. So, a bond proposal is developed and put on the ballot, as part of an election. The votes are tallied and the proposal is passed.
At this point in our story, some new characters enter the scene: the underwriter, the bond counsel, and in most cases, the financial advisor. The financial advisor helps Anytown make decisions regarding the bond issue and works with the underwriter to determine pricing and distribution to investors. The underwriter acts as a liaison between the town and potential investors when bringing the bond issue to market.
An underwriter can be chosen in two ways: via competitive sale or negotiated sale. The leaders of Anytown decide to go the competitive route, and put the bond issue out to bid. This is where the bond counsel, Smith & Jones Law Firm, enters the picture. Smith & Jones prepares the bond documents, including the OfficialStatement, and since Anytown has chosen the competitive route, a Notice of Sale. The Official Statement contains all the information a prospective investor needs in order to invest in Anytown’s bond issue. The underwriter will review the Official Statement and decide whether to bid on the bond. The bond counsel also writes the legal opinion, which provides justification and law for the tax exempt status of the issue and ensures that the bonds are valid and binding obligations for Anytown. The firm does not comment on the investment merit of the bond issue.
Now that the legal opinion is in place, the Notice of Sale can be completed and posted. ABCInvestment Bank sees the ad and is interested in underwriting it, with the ultimate goal of buying the muni bond issue from Anytown, and reselling it to investors. Before submitting a bid, however, they would like to invite other investment banks to participate with them, so they decide to form a syndicate and act as the syndicate manager. Forming a syndicate will allow the bank to share the marketing and distribution duties, as well as some of the financial risk of underwriting the bond issue.
Two banks, JKL and XYZ, agree to join ABC Syndicate and they submit a bid.
Back at Anytown town hall, the bid is reviewed, along with several others up for consideration. After much deliberation, the bond issue is awarded to the syndicate formed by ABC Investment Bank because they turned in the lowest borrowing cost. The syndicate goes to work as the underwriter, reaching out to individual and institutional investors to determine their interest in purchasing the bonds [...]
Fidelity Brokerage Services LLC, MemberNYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
608004.3.0

1:42

Investopedia Video: What Is A Municipal Bond?

Municipal bonds, often called munis, are considered a debt instrument because when the inv...

Investopedia Video: What Is A Municipal Bond?

Municipal bonds, often called munis, are considered a debt instrument because when the investor purchases one, he or she is essentially loaning funds to the authority that issued it. In exchange, the authority promises to pay interest, called the coupon rate, during the years prior to maturity, at which point it repays the bond's par value.

5:53

The 3 Main Types of Municipal Bonds

This video discusses the 3 main types of municipal bonds: general obligation bonds, reven...

The 3 Main Types of Municipal Bonds

This video discusses the 3 main types of municipal bonds: general obligation bonds, revenue bonds, and prerefunded bonds.
Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.EducationUnlocked.org/
To like us on Facebook, visit https://www.facebook.com/Edspira
Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit http://www.MichaelMcLaughlin.com
To follow Michael on Facebook, visit
https://facebook.com/Prof.Michael.McLaughlin
To follow Michael on Twitter, visit
https://twitter.com/Prof_McLaughlin

Tax Free Municipal Bonds | BeatTheBush

Tax-free municipal bonds is a useful tool in creating more tax free income. Buying this very special type of asset class allows the dividends you get to be tax free. If you are in a high tax bracket, then these types of bonds is ideal as compared to earning dividends on the free stock market.
Support more videos like this along with getting a bunch of perks here: http://www.patreon.com/BeatTheBush
Get a free audiobook and 30-day trial. Even if you cancel, you still keep the book and you still support my channel for signing up. Support my channel by signing up to help me make more videos like this:
http://www.audibletrial.com/BeatTheBush
▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Credit Card for Starters
Who Should NEVER Get a Credit Card: https://youtu.be/aNYZkMgTyb0
Only Use Credit or Only Use Debit: https://youtu.be/J0ZRgBIG39Q
Credit Card Basics
How Credit Card Calculates Interest: https://youtu.be/0Z2nWQdqa2A
How Credit Card GracePeriodsWork: https://youtu.be/8WuH3-PsjCA
Difference Between Credit Card Inactivity and 0% Utilization: https://youtu.be/rtfJMZf_IrM
Credit Card StatementClosingDate vs. Due Date: https://youtu.be/3-knvT7JbTk
Does Canceling Credit Cards Affect Credit Score: https://youtu.be/jYGZukw5i-Q
Can You Afford a No Limit Credit Card: https://youtu.be/sdAh7hzgJoU
Credit Card BalanceTransferHack: https://youtu.be/F2Foqg2ZTEw
Credit Score Less Than 700
Maximize Credit Score while in College: https://youtu.be/pxGECoQoLLA
Build Credit Fast with a $500 Credit Limit: https://youtu.be/attQKzngqoE
How to Pay off Credit Card Debt: https://youtu.be/XY8YSPapnF8
How to Build Credit with Bad Credit or No Credit [w/ Self Lender]: https://youtu.be/RNXutBGAnlM
How to Boost Your Credit Score Within30 Days: https://youtu.be/LyBjciz4-zg
Credit Score More Than 700
How to Increase Credit Score from 700: https://youtu.be/MCFKNBcyAWs
740+ is Not Just For Show: https://youtu.be/1fGcpxurzgU
My Credit Score: 848, How to get it Part 1: https://youtu.be/dEZLZQXRBjQ
My Credit Score: 848, How to get it Part 2: https://youtu.be/Y6-SB35C7Pc
My Credit Score: 848 - Credit Card Hacks and How I got it: https://youtu.be/8Xz3hi3VWfM
Advanced Credit Card Tricks
How to get a Business Credit Card: https://youtu.be/S3srld5_l5Y
Keep 16 Credit Cards Active: https://youtu.be/yAzkEK8Y6E8
Rejected for a New Credit Card with 826 Credit Score: https://youtu.be/66O505Oj5e4
Make Credit Cards Pay You Instead: https://youtu.be/wKMJdX1fQJA
Credit Card Low Balance Cancellation $2 per mont [Still Works]: https://youtu.be/2DJjfvcMCcg
CashBack
Are Credit Card Points Taxable?: https://youtu.be/Tw90h8I5JNk
How to Churn Credit Cards: https://youtu.be/uw__fl38Dk4
Best Cash Back Credit Cards for 2017: https://youtu.be/e_uJweUsiDk
5% Cash Back on Everything: https://youtu.be/q9g_rySm_tI
Always get 11% OffAmazonGift Cards and Amazon Hacks: https://youtu.be/vbv6Rj2uUr4
Max Rewards: What's in My Wallet: https://youtu.be/cmJDFcbjFho
How I Make 200Dollars in 10 Minute [Hint: Credit Card Bonus]: https://youtu.be/pegq4G7ZhTI
When Your Best Cash Back Card Gets Cancelled: https://youtu.be/pe7OuqxGi9M
AmexBlue Cash Preferred vs. EverydayEffective Cash Back on Groceries: https://youtu.be/3ezD_QwS5e0
Double Dip Groceries Cash Back with Safeway Just for U: https://youtu.be/7kBl0W_L29U
Milk the Barclays Cashforward Card for the MOST Cash Back: https://youtu.be/qf2gvrk6Evo
This Channel: BeatTheBush
I've obtained a high credit score of 848 out of 850 and I am glad to share the knowledge for everyone. Since 3 years ago, I've started making numerous videos that helped people increase their credit score that are free and accessible to all. Please enjoy my channel.
Other Channels:
BeatTheBush DIY: https://www.youtube.com/BeatTheBushDIY

Types of Debt Securities

Discover different types of debt instruments, including Government securities, Government agencies, municipal bonds, and corporate bonds. This educational video is part of Zions DirectUniversity's Beginner series.
Questions or Comments?
Have a question or topic you’d like to learn more about? Let us know:
Twitter: @ZionsDirectTV
Facebook: www.facebook.com/zionsdirect
Or leave a comment on one of our videos.
Open an Account:
Begin investing today by opening a brokerage account or IRA at www.zionsdirect.com
Bid in our Auctions:
Participate in our fixed-income security auctions with no commissions or mark-ups charged by Zions Direct at www.auctions.zionsdirect.com

5:11

Municipal bonds

Municipal bonds
Municipal bonds are good for high income people
Although investing in for...

Municipal bonds

Municipal bonds
Municipal bonds are good for high income people
Although investing in foreign bonds isn't a great idea for anyone, investing in municipal bonds may be a good idea for some people.
If you have a fairly high income, you should take a look into investing into municipal bonds. Almost all municipal bonds are exempt from federal income tax, and most municipal bonds issued in your state also are exempt from state income taxes.
However, only the interest income is exempt from taxation. If you sell a municipal bond, or bond fund, at a gain, you'll have to pay capital gains taxes.
If you're in the 28 percent marginal tax bracket, municipal bonds are probably worth a look. If you're in the 31 percent marginal tax bracket, municipal bonds are certainly worth investigating.
However, since municipal bonds are exempt from federal income tax, these bonds will offer a yield that is lower than the more creditworthy US Treasury bonds. To determine if investing in municipal bonds is right for you, you need to compare the after-tax yields of munis with taxable bonds of comparable credit quality.
How to tell if you should invest in municipal bonds
Suppose blue chip corporate bonds are yielding 10 percent, and municipal bonds yield only 8 percent. If you're in the 15 percent marginal tax bracket, the corporate bonds will provide a higher after-tax yield.
However, if you're in the 28 percent or higher bracket, the municipal bonds provide a higher after-tax return. And remember that municipal bond funds come in all different maturities including money market funds.
Never put municipal bonds in a retirement account
Notice that you should never invest in municipal bonds inside of a retirement account. Retirement accounts already provide tax sheltering, so go for the higher yield provided by something like a corporate bond instead of the lower municipal yield.
Also, if you're investing in municipal bonds, keep an eye on tax reform legislation. Tax reform packages offered by both Republicans and Democrats would end the tax exempt status for municipal bonds. If these tax reform packages became law, municipal bond prices will drop.
Don't invest in most double exempt muni bond funds
Finally, should you invest in a so-called double-exempt municipal bond fund? The answer is usually no.
These funds invest in municipal bonds issued by a single state. For example, California investors might want to invest in a California double-exempt fund that invests only in California municipal bonds.
This way, the interest income earned by the California investor is exempt from federal income tax and California state income tax. This makes the after-tax yield even better for a California investor.
Almost every state has double-exempt bond funds. Even states that have no state income tax for some reason have double-exempt bond funds.
However, most of these funds should be avoided. The problem with most of these funds is that their fees are too high. A typical double-exempt bond fund charges a sales load of 5 percent and has an expense ratio of well over 1 percent.
However, if you live in a big state with high tax rates like California or New York, you probably can find a bond fund that is both double-exempt for your state and has low costs. The Vanguard mutual fund family is usually the place to look for these kind of funds.
Insured municipal bonds
There are several levels of credit risk in municipal bonds. Conservative investors can invest in insured municipals where an insurance company will assume the local government's obligations if the local government goes bankrupt. This insurance comes at a price, generally in the form of reduced yield.
General obligation bonds
Uninsured general obligation municipal bonds aren't as safe as insured municipals, but they are generally good credit risks.
General obligation bonds are backed by the local government's full taxing authority. With GO bonds, the local government has the obligation to raise taxes to meet the debt payments.
Revenue bonds
Revenue bonds are another form of municipal bond. In this case the municipality doesn't guarantee that the local government will be liable for the debt.
Revenue bonds typically are issued to pay for new sewers, stadiums or airports. The water department or stadium collects usage fees, and these fees are used to pay off the debt. If the usage fees aren't sufficient to pay off the debt's obligations, the government isn't on the hook to make up the difference.
Revenue bonds for essential services like sewage are probably safer investments than bonds used to finance things like stadiums or convention centers.
Copyright1997 by David Luhman

43:03

Changing patterns in household ownership of municipal debt

Richard Ryffel moderates a discussion of “Changing Patterns in Household Ownership of Muni...

Buying and Selling Municipal Bonds in the Secondary Market | Fidelity

Are you curious how to buy or sell an existing municipal bond? Trading municipal securities in the secondary market is an entirely different experience than a new issue bond offering. Learn more about the differences and what you should pay extra attention to during the process.
View more videos about investing and trading in our FidelityLearningCenterhttp://go.fidelity.com/LearnCenter.
To see more videos from Fidelity Investments, subscribe to:
https://www.youtube.com/fidelityinvestments
Facebook: https://www.facebook.com/fidelityinvestments
Twitter: https://www.twitter.com/fidelity
Google+: https://plus.google.com/+fidelity
LinkedIn: https://www.linkedin.com/company/fidelity-investments
Fidelity Brokerage Services LLC, MemberNYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
643825.3.0

"State and Municipal Debt: The Coming Crisis?"

Chairman Patrick McHenry (R-NC) gets the facts on the looming public pension crisis at the state and city level. His mission is to prevent any future taxpayer-funded bailouts of these public pension programs that are deep in the red.
2-9-11: Subcommittee on TARP and Financial Services hearing

43:03

Changing patterns in household ownership of municipal debt

Richard Ryffel moderates a discussion of “Changing Patterns in Household Ownership of Muni...

A Current Guide to Municipal Bonds and Debt

As local governments and school districts face ever-increasing budget constraints and capital needs, learn more about municipal borrowing in this webinar recording for local governmental units. Bond attorney John Kamins presents on topics including the nuts and bolts of issuing bonds with or without voter approval, who buys bonds and how, Michigan laws controlling how municipalities and schools borrow money or refinance debt, federal tax laws on tax-exempt bonds, and major developments in federal securities laws regulating municipal financial advisors and the disclosure duties of municipal officials.

Municipal Law Seminar - Debt 101 - Process and Players

http://BakkeNorman.com
Join Sean Lentz and PatrickMallory of Ehlers, as they discuss the challenging process of taking on municipal debt for cites, towns, and villages at the 2015Municipal Law Seminar, hosted by Bakke Norman Law.
Sean Lentz, CIPFA
Ehlers
SeniorFinancial Advisor/Director
Sean is a Senior Financial Advisor/Director with Ehlers for over 20 years. He has worked on projects involving various types of general obligations, revenue bonds, current and advance refunding, and cash flow financing.
He has special expertise in the areas of cash flow analysis for determining project feasibility, size and structure, maturity schedules, debt planning and management, tax increment financing and creation of computer models for special client needs. Sean has been with Ehlers since August of 1994.
Patrick Mallory
Ehlers
Patrick joined the Ehlers staff in 2013 and has worked extensively with cities, villages and counties in Wisconsin on debt issuance, economic development, and financial management strategies.
He has developed particular expertise with tax increment financing and has helped advise and facilitate a wide variety of debt issuance transactions.
Prior to joining Ehlers, Patrick completed his Master of Public Policy degree with a focus in public finance and administration at the University of Minnesota. He also has professional experience in government that includes project management for affordable housing finance with the City of New York and performance auditing with the City of Portland, Oregon.

Series 7 Exam Prep Tutorial - Municipal Bonds...

[Economy Lecture] L2/P1: Debt securities: Credit R...

"State and Municipal Debt: The Coming Crisis?"...

Changing patterns in household ownership of munici...

A Current Guide to Municipal Bonds and Debt...

State And Municipal Debt: Tough Choices Ahead (Par...

12/20/2010 Part 1 - Peter Schiff On Municipal Debt...

State And Municipal Debt: The Coming Crisis? Part ...

Municipal finance structure and Chapter 9 creditor...

Municipal Law Seminar - Debt 101 - Process and Pla...

When the sun dims dramatically Monday morning, that would be like an entire power plant unit shutting down for the Lone Star State's electricity grid. The much-anticipated solar eclipse will wipe out about 600 megawatts worth of electricity generation from Texas' growing solar power industry, according to officials with ERCOT, which manages the Texas grid.&nbsp; ... "That is not very much," she said about eclipse's influence ... ....

Multiple media reports Thursday reported a van crashed into dozens of people in the center of Barcelona Thursday killing two and injuring several people. Local Spanish media say two armed men have entered a restaurant after a van crashed into a crowd of people, according to Reuters, and police consider the incident to be terror related. Local media reports say two people were killed instantly when struck by the van....

The Guardian reported that police announced one person was arrested in relation to the attack on Thursday where someone drove a white van through the busy, pedestrian area of Las Ramblas in Barcelona, Spain which has left at least 13 dead, and more than 50 injured ...Police said that the number of the dead was "bound to rise" since at least 50 people were injured after the attack, interior minister for Catalonia, Joaquim Form said ... ... U.S....

Islamic State militants have claimed responsibility for an act of terrorism in which a van struck and killed at least a dozen people on Barcelona’s most famous avenue Thursday, Reuters reported Thursday.Carles Puigdemont, the head of the Spanish region of Catalonia, said at least 80 people had been taken to hospital and around 12 had died. Officials remain unsure how many attackers were involved in the incident ... She told La Vanguardia....

The number of asylum seekers who are illegally crossing into Canada from the United States more than tripled last month, according to new data released on Thursday by the Canadian government which hints at the deep fears that migrants have about the recent U.S. administration immigration crackdown ...The RoyalCanadian Mounted Police said that an additional 3,800 asylum seekers were arrested crossing the U.S ... "It's not a crisis ... ....

Just a day after posting a new municipal commissioner at the Karachi Metropolitan Corporation (KMC), the Sindh government on Thursday was compelled to withdraw the posting order as the corporation’s elected leadership allegedly rejected the appointment to the most senior bureaucratic post of the city’s municipal authority....

The improvements are set to be funded by county grants as well as municipal open space funding that until 2014 was exclusively reserved for property acquisition purposes ... The majority of the funding comes from the municipal open space trust fund, however ... Prior to 2014, West Milford's municipal open space tax revenue was solely reserved for property acquisition and associated debt service costs....

The North Shore’s next municipal election is a little more than a year away, on Oct ... fewer than one in three people cast a ballot in the 2014 municipal election ... If past elections are any indication more than two out of three people have abandoned all hope that municipal politicians can do anything about anything ... Municipal politicians determine ......

BJP has emerged as a very distant but clearly distinct second party , winning six of the eight wards that voted anti-Trinamool, leaving the Left Front with just one ward in seven municipalities spread over south and north Bengal; the Congress fared worse, drawing a blank ... In many wards in the other five municipalities, LF votes have been limited to double-digit figures when the total votes polled would be four-digit fi gures....

Details on how such a proposal could be granted exist under the respective municipalities' land-use powers, according to LafayetteCity AttorneyDaveWilliamson and Erie's special counsel, attorney BarbaraGreen... It would allow for municipalities to eventually file injunctions on operating wells if operators were unwilling to provide maps, according to attorneys specializing in oil and gas matters....

Rochelle Park voters will get to decide this fall if they want a municipal library in town, eligible for membership in the Bergen County Cooperative Library System... The referendum will ask residents if they support converting their library into a municipal library, making it eligible for BCCLS membership....

Ford and the technology and municipal leaders who gathered want to improve life through mobility ... Ford and the technology and municipal leaders who gathered at the City of Tomorrow symposium Thursday want to improve life through mobility.&nbsp;(Photo ... and how private companies can work with municipalities to implement a real transportation ecosystem....

This there will be a public hearing on making changes to the fee structure for certain items dropped off at the transfer station. No final decision can be made at this meeting, but the information gathered and presented at the public hearing will influence any decision made by the selectmen at their next meeting on this issue ... 22, at 5 p.m. in the municipal offices ... And then there is the municipal office staff and transfer station crew ... ....